Dream Aerospace, an aerospace and defense startup, raised Rs 3 crore in a pre-seed round led by Inflection Point Ventures (IPV). The new funds will be used to accelerate the development of its ATOM Thruster, validate the propulsion system, and establish an in-house high-altitude test facility, Dream Aerospace stated in a press release.
The companny was founded in the year 2022 by Hari Krishnan KJ and Rogith S and aims to empower satellite propulsion systems by providing high-performance, cost-effective, and scalable solutions tailored to a variety of mission requirements. It uses indigenous technology and supports India's "Make in India" and "Atmanirbhar Bharat" initiatives, making it a preferred partner for commercial and defense applications.
The Chennai-based startup creates customizable, cost-effective, and agile thrusters to improve satellite operations and space missions. Furthermore, the company prioritizes safety by streamlining fuel handling procedures for ground personnel. It addresses an urgent need for environmentally friendly and efficient propulsion systems, paving the way for a more sustainable future in aerospace technology.
Dream Aerospace claims that it provides superior propulsion performance at a significantly lower cost than international alternatives. Currently outsourcing production to meet early market demands, it intends to establish in-house production facilities with an annual capacity of 40-50 thrusters, ensuring scalability and efficiency. Furthermore, the company aspires to provide cutting-edge, efficient, and scalable solutions that will power the next generation of CubeSats and larger satellites.
