EDII Incubated Omspace Rocket & Exploration Secures $3M Pre-Seed Funding to Build India’s Indigenous Small Satellite Launch Vehicle

18 July 2025, Ahmedabad: 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.