Omspace Secures $3M Pre-Seed Funding to Build India’s Indigenous Satellite Launch Vehicle

EDII-incubated startup to accelerate Infinity One development for 350 kg payloads to 800 km LEO by 2028

Omspace Rocket & Exploration Private Limited, an Ahmedabad-based aerospace startup incubated at CrAdLE, the business incubator at the Entrepreneurship Development Institute of India (EDII), has secured $3 million in pre-seed funding from a family office and an angel investor. The funding will enable the startup to accelerate development of Infinity One, its modular satellite launch vehicle designed to deliver 350 kg payloads to altitudes of up to 800 km in Low Earth Orbit (LEO), marking a strategic leap in India’s indigenous space-tech ecosystem.
Founded in 2020 by Dr. Ravindra Raj Binod Mistri, Mr. Maulik Mota, and Ms. Stutika Padamshali, Omspace is headquartered in Ahmedabad with an international branch in Dubai under OSRE FZC. The company’s mission is to democratise space access for small and nano satellites through reusable, cost-efficient launch platforms tailored to emerging market needs.

With this funding, Omspace plans to complete final prototyping and initiate test launch campaigns for Infinity One. The capital will also support the hiring of specialized R&D talent and upgrades to its manufacturing infrastructure and ground operations systems.
CrAdLE, the Centre for Advancing & Launching Enterprises at EDII, has provided Omspace with strategic mentoring, technical validation, and business planning support throughout its incubation. Backed by the Department of Science and Technology, Government of India, CrAdLE is known for nurturing deep-tech ventures across manufacturing, healthcare, food processing, and renewable energy.

Dr. Ravindra Raj Mistri, Co-Founder of Omspace, said, “This funding is a major milestone in our mission to democratise access to space from India. We are deeply thankful to CrAdLE and EDII for believing in our vision and enabling us with the resources, mentorship, and environment to take bold leaps.”
Dr. Satya Ranjan Acharya, Director of CrAdLE, EDII, added, “We’re proud to support ventures like Omspace Rocket & Exploration that are pushing the boundaries of technology and placing India on the global space-tech map. Their journey reflects the potential of indigenous innovation backed by the right ecosystem.”
As India’s private space-tech ecosystem evolves, Omspace joins a new generation of startups building scalable and affordable launch solutions to reduce the nation’s reliance on foreign deployment options. The company aims for its first commercial launch in January 2028.

About Entrepreneurship Development Institute of India (EDII)
The Entrepreneurship Development Institute of India (EDII), Ahmedabad, is an autonomous and not-for-profit institute established in 1983 with the support of apex financial institutions including IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd., and State Bank of India (SBI). EDII is recognised as a Centre of Excellence by the Ministry of Skill Development and Entrepreneurship, Government of India.
About Omspace Rocket & Exploration Pvt. Ltd.
Omspace Rocket and Exploration Pvt. Ltd., based in Ahmedabad, is developing cost-effective, reusable launch vehicles for small and nano satellites. Its UAE branch, OSRE FZC, facilitates global outreach. With Infinity One, the company aims to become a leading player in India’s emerging private space sector.

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