Dream Aerospace Secures Rs 10 Crore in Pre-Series A Funding

Dream Aerospace, a deeptech startup, has successfully obtained Rs 10 crore in its pre-Series A funding round, which was led by 247VC alongside Campus Angels Network (CAN). The funding round also included contributions from the Chandigarh Angels Network and various other angel investors.

Previously, this Chennai-based startup had acquired Rs 3 crore in a pre-seed funding round led by Inflection Point Ventures (IPV) in January of the prior year. The newly secured funds will be utilised to achieve flight qualifications for the ATOM thruster series and the CUBEHOOD propulsion module. Additionally, the funding will support the expansion of the production and testing facilities and facilitate the inaugural in-orbit demonstration of the CUBEHOOD module, as announced by Dream Aerospace in their press release.

About Dream Aerospace

Founded in 2022 by Hari Krishnan KJ and Rogith S, Dream Aerospace is a deeptech firm incubated at IIT Kanpur. The company is focused on developing a green chemical propulsion system tailored for the global small satellite and CubeSat markets.

India’s Growing Space Economy

According to market research, India’s space economy is expected to reach USD 13 billion by the end of this year. The satellite manufacturing and propulsion sectors are anticipated to play a pivotal role in this projected growth.