Omspace Rocket & Exploration Private Limited, an Indian space-tech startup incubated at CrAdLE (Centre for Advancing & Launching Enterprises), Technology Business Incubator at the Entrepreneurship Development Institute of India (EDII), has successfully raised $3 million in a pre-seed funding round. The investment, led by a Family Office and an Angel Investor, marks a significant milestone in Omspace’s journey to develop Infinity One, an indigenous, modular launch vehicle designed for Low Earth Orbit (LEO) satellite missions.
Founded in 2020 by a passionate team of engineers and innovators — Dr Ravindra Raj Binod Mistri, Mr. Maulik Mota, and Ms. Stutika Padamshali, Omspace is headquartered in Ahmedabad, with an international presence in Dubai, UAE. Omspace's flagship innovation, Infinity One, aims to deliver payloads of approximately 350 kg to altitudes of up to 800 km. With an emphasis on fuel efficiency and cost-effectiveness, the launch system seeks to offer reliable launch solution for India’s growing space-tech sector.
The newly raised funds will be utilized to: Finalise and begin test launches of the Infinity One prototype, Expand Omspace’s research & development team, and hire specialised talent Strengthen the company’s manufacturing infrastructure and ground systems.
CrAdLE, the Technology Business Incubator at the Entrepreneurship Development Institute of India (EDII), plays a pivotal role in nurturing early-stage ventures across sectors, especially in deep-tech and innovation-led domains. Backed by the Department of Science and Technology, Government of India, CrAdLE has been instrumental in guiding Omspace through technical validation, strategic mentoring, and business planning. With its support, Omspace is now accelerating the development and testing of its flagship launch vehicle, Infinity One.
Dr Mistry, Co-Founder of Omspace Rocket & Exploration Private Limited, said, “This funding is a major milestone in our mission to democratise access to space from India. We are deeply thankful to CrAdLE and EDII for believing in our vision and enabling us with the resources, mentorship, and environment to take bold leaps.”
Dr Satya Ranjan Acharya, Director, CrAdLE, EDII, said, “At CrAdLE (Centre for Advancing & Launching Enterprises), we’re proud to support ventures like Omspace Rocket & Exploration that are pushing the boundaries of technology and placing India on the global space-tech map. Their journey reflects the potential of indigenous innovation backed by the right ecosystem.”
As India strengthens its space-tech ecosystem with a vibrant private sector push, startups like Omspace are emerging as key contributors to building indigenous, scalable, and affordable space solutions.
Till date, CrAdLE has supported 135 startups, fostering technology and knowledge-based entrepreneurial ventures in four focus sectors: manufacturing, food processing, renewable energy, and healthcare.
About Entrepreneurship Development Institute of India (EDII)
The Entrepreneurship Development Institute of India (EDII), Ahmedabad, was set up in 1983 as an autonomous and not-for-profit Institute with the support of apex financial institutions - the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd., and State Bank of India (SBI). The Government of Gujarat pledged twenty-three acres of land on which stands the majestic and sprawling EDII Campus. EDII has been recognised as the CENTRE OF EXCELLENCE by the Ministry of Skill Development and Entrepreneurship, Government of India. For more information, visit: www.ediindia.org
About Omspace Rocket and Exploration Pvt. Ltd.
Omspace Rocket and Exploration Pvt. Ltd., an Ahmedabad-based aerospace startup, is revolutionizing access to space by developing cost-effective, reusable launch vehicles for small and nano satellites. With a strong focus on innovation and affordability, Omspace aims to democratize space exploration for emerging markets. Founded by Dr. Ravindra Raj BM along with co-founders Mr. Maulik, Ms. Stutika and Mr. Jayesh, the company recently expanded its international presence through its UAE branch, OSRE FZC. With a first commercial launch planned for January 2028, Omspace is poised to become a key player in the global space-tech ecosystem.
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