Inflection Point Ventures (IPV) led Dream Aerospace’s successful pre-seed round fundraising effort, which raised 3 crore. The funding will create an internal High Altitude test facility, validate its propulsion technology, and expedite the development of its ATOM Thruster.
By providing scalable, affordable, and high-performance technologies that are suited to a variety of mission requirements, Dream Aerospace is transforming satellite propulsion systems.
The company is a valued partner for both commercial and defense applications since it uses indigenous technology and supports India’s “Make in India” and “Atmanirbhar Bharat” objectives.
India’s aerspace technological landscape is being advanced by Dream aircraft, which was founded in 2022 by Hari Krishnan KJ and Rogith S. Rogith, a graduate of Hindustan University’s Aerospace Engineering program, promotes operational excellence, while Hari, a Ph.D. candidate in Propulsion at IIT Kanpur, contributes substantial experience in cutting-edge aerospace technology.
Together, they are guiding the business toward developing satellite propulsion technologies of the future.
Dream Aerospace’s creative approach to propulsion systems is transforming the aerospace sector. The business is improving space missions and satellite operations by creating adaptable, reasonably priced, and nimble thrusters.
Additionally, Dream Aerospace is putting safety first by enhancing ground staff’s fuel handling procedures. Above all, they are meeting the urgent need for efficient and ecologically friendly propulsion systems, opening the door to a more sustainable future in aerospace technology.
The startup’s distinct advantage is its capacity to provide better propulsion performance at a substantially reduced price when compared to foreign competitors.
It is a formidable competitor in the quickly expanding space sector because to its scalable solutions and entirely domestic technology.
Dream Aerospace intends to build in-house production facilities with an annual capacity of 40–50 thrusters, guaranteeing scalability and efficiency, in addition to currently outsourcing production to satisfy early market demands.
Significant accomplishments for the company include grants from TANSEED 4.0, Chunauti 5.0, and the Nidhi Prayas Program, as well as honors like the Indian Mobile Congress 2023’s “Best On-Campus Startup of the Year” and IIT Bombay’s “Eureka Energy Track Winner” and the First Special Award at the TiE Global Summit in Bangalore in 2024.
Dream Aerospace is well-positioned to meet the growing need for reusable and environmentally friendly satellite propulsion systems worldwide, operating in a market expected to increase from $9.66 billion in 2023 to $19.74 billion by 2028.
Key Comments
Mitesh Shah, Co-Founder, Inflection Point Ventures, says: “Dream Aerospace is revolutionizing the aerospace industry with its innovative approach to propulsion systems. By developing customizable, affordable, and agile thrusters, the startup is enhancing satellite operations and space missions. By improving fuel handling processes, it is prioritizing safety for ground personnel. Additionally, they are addressing the critical demand for environmentally friendly and efficient propulsion systems, paving the way for a more sustainable future in aerospace technology.”
“This is an exciting milestone for DREAM Aerospace as we continue our journey to revolutionize satellite propulsion systems. Our vision is to enable cutting-edge, efficient, and scalable solutions that empower the next generation of CubeSats and larger satellites. With the momentum gained through this funding, we are poised to accelerate our product development, expand our capabilities, and strengthen collaborations across the space ecosystem. We remain committed to pushing the boundaries of innovation and propelling the dream of advanced space technology into reality,” said Hari Krishnan KJ & Rogith S Co-Founders, DREAM Aerospace.
