PE-VC Fund Investments
Propulsion solutions provider for satellites Dream Aerospace raises Rs.10-Cr led by 247VC
Chennai-headquartered Dream Aerospace Technologies has raised INR 10 crore in a pre-Series A funding round led by 247VC, with participation from Campus Angels Network, Chandigarh Angels Network and other investors.Dream Aerospace develops sustainable green propulsion solutions for satellites and space exploration. The startup will use the funds to complete flight qualification of its Atom thruster series and Cubehood propulsion module, expand its production and testing facility at IIT Kanpur and conduct the first in-orbit demonstration of the Cubehood module in 2026.The mission will receive technical support from ISRO. The investment is expected to help accelerate development of reliable propulsion solutions for the growing small satellite market.
In Jan 2025, Dream Aerospace had attracted about INR 3 Cr from IP Ventures.
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