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Dream Aerospace, an aerospace and defence startup, has raised Rs 3 crore in a pre-seed funding round led by Inflection Point Ventures (IPV).
The startup plans to use the new funds to speed up the development of its ATOM Thruster, test the propulsion system and set up an in-house high-altitude test facility.
Read also- Eximius Ventures Launches $30 Mn Fund II For Pre-Seed Investments
Mitesh Shah, co-founder of Inflection Point Ventures, said, “Dream Aerospace is addressing critical challenges in the aerospace industry by offering cost-effective and customisable propulsion solutions. Their focus on safety, efficiency and sustainability sets them apart in the growing space technology sector.”
Dream Aerospace has received support through grants and recognitions like TANSEED 4.0, Chunauti 5.0, and the Nidhi Prayas Program. The startup has also won awards, including "Best On-Campus Startup of the Year" at the Indian Mobile Congress 2023 and "Eureka Energy Track Winner" at IIT Bombay.
Dream Aerospace says it provides better propulsion performance at a much lower cost than international alternatives. While it currently outsources production to meet early market needs, the company plans to set up its own production facilities with an annual capacity of 40-50 thrusters to ensure growth and efficiency.
About Dream Aerospace
The Chennai-based Dream Aerospace was founded in 2022 by Hari Krishnan KJ and Rogith S, Dream Aerospace specializes in creating high-performance, cost-effective propulsion systems designed for various satellite missions. The company uses local technology to support India’s "Make in India" and "Atmanirbhar Bharat" initiatives, positioning itself as an important player in both commercial and defense sectors.
The co-founders bring strong expertise to the company. Hari ( a Ph.D. candidate in propulsion from IIT Kanpur) provides technical knowledge while Rogith (an aerospace engineering graduate from Hindustan University), manages operational strategies. Together they aim to meet the growing demand for efficient and scalable propulsion systems.
Dream Aerospace aims to create advanced, efficient and scalable solutions that will power the next generation of CubeSats and larger satellites.
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