Hyderabad-based space tech startup Abyom has raised $2.5 million from SCOPE Ventures as part of its $5.4 million seed funding round. The funding will support Abyom in developing reusable rockets and launch vehicles (RLVs) to address the growing demand for satellite launches.
Brief about Aboym
Founded in 2020, Abyom focuses on reusable space technology to close the gap in satellite launch services. By cutting costs and increasing launch frequency the company aims to make satellite deployment more accessible for industries like telecommunications, agriculture and defense.
Abyom’s reusable rockets are designed for multiple launches reducing costs and space debris. The company envisions reusable technology as the future of satellite launches promoting sustainable space exploration.
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The funds will be used for:
Developing reusable launch technologies.
Expanding manufacturing capabilities.
Building strategic partnerships to grow its market reach.
With the space industry growing rapidly Abyom’s focus on reusable technology positions. It as a key player in India’s emerging space sector. The company plans to use the next round of funding to speed up product development and launch operations.
This investment also reflects increasing interest in India’s space tech scene, fueled by startups like Abyom and the achievements of ISRO.
About Abyom
Abyom, short for "Above and Beyond Vyom," focuses on making space technology accessible, sustainable, and valuable for people and the planet. Its offerings include reusable launch vehicles, space tourism, and in-space manufacturing, aiming to simplify access to space for various activities.
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