Bengaluru-based space startup SpaceFields has raised ₹42 crore in Pre-Series A funding to accelerate the development of its advanced rocket propulsion technologies. The funding round was led by a group of deep-tech investors and venture capital firms focused on the space sector.
Founded in 2017, SpaceFields is building next-generation propulsion systems that aim to reduce costs and improve the efficiency of satellite launches. The startup’s innovations could play a big role in making India’s space ecosystem more competitive globally.
According to the company, the fresh capital will be used to scale up R&D, expand testing facilities, and hire top engineering talent. The focus will be on building propulsion engines that support small satellite launches and reusable rockets.
The space-tech sector in India has been gaining strong investor interest, especially after the success of ISRO’s Chandrayaan-3 and the rise of private space startups. With this funding, SpaceFields is set to join the growing league of Indian companies building world-class space technology.
Industry experts believe that affordable and efficient rocket propulsion is a game-changer for the satellite economy, which is projected to be worth billions in the coming years.
Summary Table
| Detail | Information |
|---|---|
| Startup | SpaceFields |
| Funding Round | Pre-Series A |
| Amount Raised | ₹42 Crore |
| Founded | 2017 |
| Headquarters | Bengaluru, India |
| Focus | Advanced rocket propulsion systems |
| Use of Funds | R&D expansion, testing facilities, hiring engineers |
| Industry Context | Rising interest in Indian private space-tech post ISRO’s Chandrayaan-3 success |
| Impact | Cheaper, efficient satellite launches; support for reusable rockets |
| Goal | Strengthen India’s position in global space technology |
