Private Equity PE-VC Fund Investments
Rocket propulsion systems maker Thrustworks Dynetics raises Rs.7-Cr led by Jamwant Ventures
Source Thrustworks Dynetics (opens in a new tab)MarcaMoney (opens in a new tab)
Pune-based propulsion systems manufacturer Thrustworks Dynetics has raised INR 7 crore in a funding round led by Jamwant Ventures with participation from Piper Serica, SINE-IIT Bombay, and other notable investors.Founded in 2023 by Manan Joshi, Kalyani Shinde, and Vinith Shenoy, Thrustworks Dynetics designs and develops liquid rocket propulsion systems for commercialisation. The company was incubated at SINE-IIT Bombay and operates a facility in Pune.The fresh funds raised will be used to scale the Integrated Rocket Facility, enhance R&D in advanced propulsion systems, and expand testing capabilities.