Ahmedabad-based space-tech startup Omspace Rocket & Exploration Private Limited has raised $3 million in a pre-seed funding round, marking a significant milestone in its mission to develop Infinity One, a modular, indigenous launch vehicle tailored for low Earth orbit (LEO) satellite missions. The funding round was led by a Family Office and an Angel Investor, and will support the company’s ambitious plans to launch payloads of up to 350 kg to altitudes of 800 km.
Incubated at CrAdLE, the Technology Business Incubator at the Entrepreneurship Development Institute of India (EDII), Omspace is focused on making affordable and fuel-efficient launch systems for India’s growing private space industry. The company was founded in 2020 by Dr Ravindra Raj BM, Maulik Mota, and Stutika Padamshali, with the goal of creating scalable and cost-effective satellite deployment solutions. Commenting on the fundraise, Dr Mistry said, “This funding is a major milestone in our mission to democratise access to space from India,” while also expressing gratitude to CrAdLE and EDII for their continued support.
The fresh capital will be deployed toward test launches of Infinity One, team expansion, and setting up manufacturing infrastructure as the company moves closer to its maiden commercial missions. Supported by the Department of Science and Technology, Government of India, CrAdLE has played a vital role in guiding Omspace through early-stage technical and business challenges. Dr Satya Ranjan Acharya, Director at CrAdLE, noted, “We’re proud to support ventures like Omspace that are pushing the boundaries of technology and placing India on the global space-tech map.”
With the private space sector in India witnessing rapid evolution post-liberalization, Omspace has positioned itself as a deep-tech innovator contributing to national space capabilities. As competition in small satellite launches intensifies, Omspace aims to offer reliable, indigenous alternatives that make satellite access more viable for startups, governments, and research institutions alike.
