Dream Aerospace, an innovative startup in the aerospace and defense sector, 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 cutting-edge propulsion system, and establish an in-house high-altitude test facility.
Revolutionizing Satellite Propulsion
Dream Aerospace is redefining satellite propulsion systems with high-performance, cost-effective, and scalable solutions designed to meet diverse mission requirements. By leveraging indigenous technology, the company aligns with India’s “Make in India” and “Atmanirbhar Bharat” initiatives, becoming a preferred partner for both commercial and defense applications.
The startup’s focus on customizable, affordable, and agile thrusters aims to enhance satellite operations and space missions. Its propulsion systems prioritize safety by improving fuel handling processes for ground personnel, while addressing the urgent need for environmentally friendly and efficient solutions. Dream Aerospace’s efforts pave the way for a sustainable future in aerospace technology.
Founders Driving Innovation
Founded in 2022 by Hari Krishnan KJ and Rogith S, Dream Aerospace is spearheading advancements in India’s aerospace landscape. Hari, a Ph.D. candidate in Propulsion at IIT Kanpur, brings extensive expertise in cutting-edge aerospace technologies, while Rogith, an Aerospace Engineering graduate from Hindustan University, oversees operational excellence. Together, they aim to deliver next-generation satellite propulsion systems that are both efficient and cost-effective.
A Unique Edge in a Growing Market
Dream Aerospace stands out by offering superior propulsion performance at significantly lower costs compared to international alternatives. Its scalable solutions, powered by fully indigenous technology, position the company as a strong contender in the rapidly growing global space industry. While currently outsourcing production to meet early market demands, the company plans to establish in-house production facilities with an annual capacity of 40–50 thrusters, ensuring scalability and efficiency.
Achievements and Market Potential
The company has already secured grants from TANSEED 4.0, Chunauti 5.0, and the Nidhi Prayas Program. It has also received accolades such as “Best On-Campus Startup of the Year” at the Indian Mobile Congress 2023 and the “Eureka Energy Track Winner” at IIT Bombay. Recently, it earned the “1st Special Award” at TGS 2024 – TiE Global Summit in Bangalore.
Operating in a market projected to grow from $9.66 billion in 2023 to $19.74 billion by 2028, Dream Aerospace is strategically positioned to meet the rising demand for green and reusable satellite propulsion systems.
Leadership Quotes
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.
Looking Ahead
With its innovative ATOM Thruster and commitment to sustainability, Dream Aerospace is set to transform the aerospace industry. The funding from IPV will enable the company to strengthen its technological capabilities and establish a robust production framework, ensuring its solutions contribute to India’s leadership in the global space sector.
By addressing critical gaps in propulsion technology and leveraging indigenous innovation, Dream Aerospace is on a trajectory to become a key player in shaping the future of space exploration.
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