Reusable rocket launcher Abyom SpaceTech raises $2.5 M from Scope Ventures

Scope Ventures has invested USD 2.5 million in Abyom SpaceTech and Defence Pvt Ltd , a Uttar Pradesh based startup focused on reusable rocket technology and space infrastructure. This investment is part of a total seed round of USD 5.4 million.Abyom is developing a re-ignitable and throttleable cryogenic engine and reusable rocket for multi-launches. The new investment will enable Abyom to accelerate its research and development efforts. The funds will also be used to expand Abyom’s workforce to over 50 employees.