Space-tech co BAAS Technologies raises pre-seed round led by IPV

Pune-based BAAS Technologies has raised INR 5 crore in a pre-seed funding round led by Inflection Point Ventures, with participation from SINE IIT Bombay and a group of private angel investors.Founded in 2024 by Tanmay Kanmahale, Prashant Patil, Atharva Pingale, Swayam Sonar, and Shriniwas Hase, BAAS Technologies designs and develops reusable sub-orbital and orbital launch vehicles for commercial space players and research institutions.The company plans to use the new funds to conduct research and development on liquid and solid propulsion systems. Additionally, the capital will support the construction of manufacturing infrastructure and a static test facility, the procurement of raw materials and equipment, regulatory compliance, and the expansion of the engineering and operations team.