Backed by Inflection Point Ventures, the Startup Aims to Advance India’s Aerospace Innovation
Dream Aerospace, an emerging leader in aerospace and defense technology, has raised ₹3 crore in a pre-seed funding round led by Inflection Point Ventures (IPV). This funding will accelerate the development of the company’s ATOM Thruster, validate its advanced propulsion systems, and establish a state-of-the-art in-house High Altitude Test Facility. Operating in the rapidly expanding global space propulsion market, projected to grow from $9.66 billion in 2023 to $19.74 billion by 2028, Dream Aerospace is transforming satellite propulsion with its cost-effective, scalable, and environmentally friendly technology.
Pioneering Satellite Propulsion Systems
Indigenous and Scalable Solutions
Dream Aerospace offers cutting-edge propulsion systems tailored to diverse mission needs, addressing critical gaps in the industry. Its thrusters prioritize fuel efficiency, operational safety for ground personnel, and environmental sustainability, making the startup a preferred partner for both commercial and defense applications.
Mitesh Shah, Co-Founder of Inflection Point Ventures, highlighted:
Dream Aerospace is addressing the demand for efficient and environmentally friendly propulsion systems. By developing customizable and affordable thrusters, they are enhancing satellite operations while paving the way for a sustainable future in aerospace technology.
Supporting India’s Technological Vision
Dream Aerospace’s work aligns with India’s Make in India and Atmanirbhar Bharat initiatives, emphasizing indigenous technology and reduced reliance on imports.
Co-Founders Hari Krishnan KJ and Rogith S, both seasoned aerospace professionals, are at the helm of this innovation. Hari, a Ph.D. candidate specializing in propulsion at IIT Kanpur, leads the company’s technological efforts, while Rogith, an aerospace engineering graduate from Hindustan University, drives operational excellence.
The co-founders expressed their vision:
Our goal is to revolutionize satellite propulsion systems by delivering cutting-edge, scalable solutions for CubeSats and larger satellites. With this funding, we aim to accelerate product development and strengthen collaborations across the space ecosystem.
Industry Recognition and Achievements
Dream Aerospace has achieved key milestones that underscore its potential:
Grants and Accolades:
- TANSEED 4.0 and Chunauti 5.0 grants.
- Recognized as the Best On-Campus Startup of the Year at the Indian Mobile Congress 2023.
- Winner of the Eureka Energy Track at IIT Bombay.
- Special Award Winner at the TiE Global Summit 2024 in Bangalore.
Expanding Production Capacity:
- Plans to establish an in-house facility with an annual capacity of 40–50 thrusters.
- These milestones position Dream Aerospace to cater to the growing demand for reusable and green propulsion systems in India and globally.