Ahmedabad: Omspace Rocket & Exploration Private Limited, an Indian space-tech startup nurtured at CrAdLE (Centre for Advancing & Launching Enterprises), the Technology Business Incubator at the Entrepreneurship Development Institute of India (EDII), has successfully secured $3 million in a pre-seed funding round. This investment, spearheaded by a Family Office and an Angel Investor, represents a significant milestone in Omspace’s mission to develop Infinity One, a homegrown, modular launch vehicle tailored for Low Earth Orbit (LEO) satellite missions.
Founded in 2020 by a dedicated team of engineers and innovators — Dr. Ravindra Raj Binod Mistri, Mr. Maulik Mota, and Ms. Stutika Padamshali — Omspace is based in Ahmedabad and has a global presence in Dubai, UAE. Their flagship innovation, Infinity One, is designed to deliver payloads of around 350 kg to altitudes reaching up to 800 km. With a strong focus on fuel efficiency and cost-effectiveness, this launch system aims to provide a dependable launch solution for India’s expanding space-tech industry.
The recently acquired funds will be allocated for:
- Completing and initiating test launches of the Infinity One prototype
- Expanding Omspace’s research and development team by hiring specialized talent
- Enhancing 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.
