Space-tech startup Omspace raises $3 Mn in pre-seed round

Omspace Rocket and Exploration, an Indian space-tech startup incubated at CrAdLE (Centre for Advancing & Launching Enterprises), has raised $3 million in a pre-seed funding round from a Family Office and an Angel Investor.

The proceeds will be utilized to finalise and begin test launches of the Infinity One prototype, expand its  research & development team, and hire specialised talent  and strengthen manufacturing infrastructure and ground systems, Omspace said in a press release.

Co-founded in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali,  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 a reliable launch solution for India’s growing space-tech sector. 

The Ahmedabad-based startup plans to improve access to space by developing reusable launch vehicles for small and nano satellites. It seeks to make space exploration more accessible for emerging markets.

“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,” said Mistry.

Omspace claims that it has recently expanded its international presence through its UAE branch, OSRE FZC, with a first commercial launch planned for January 2028.