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Dream Aerospace raises Rs 10 Cr in Pre-Series A funding led by 247VC and Campus Angels Network to enhance propulsion technologies for the space industry.
Dream Aerospace Technologies has successfully raised Rs10 crore in a Pre-Series A funding round led by 247VC and Campus Angels Network. This funding will support key initiatives including flight qualifications for their propulsion technologies. The capital will also aid in expanding production and testing capabilities at IIT Kanpur. This marks a significant milestone in their journey towards sustainable space propulsion.
Company Information
Company
Dream Aerospace Technologies
About
Dream Aerospace Technologies is focused on developing indigenous green propulsion technologies for the global space industry. The company aims to build reliable, high-performance propulsion solutions that cater to the rapidly growing small satellite market. With initiatives like the ATOM thruster series and CUBEHOOD propulsion module, they aim to eliminate India's dependence on imports in this sector. Dream Aerospace is supported by acknowledged investors and institutions, including the Indian Space Research Organisation (ISRO) and IIT Kanpur.
