Indian deep-tech startup SpaceFields has raised $5 million (approximately ₹42 crore) in a pre-Series A funding round led by Globaz Technologies, with participation from Rockstud Capital, Venture Catalysts, Nithin Kamath’s Rainmatter, Burla Angel Network, Faad Capital, SIDBI, O2 Angels, and MeitY Startup Hub.
Prior to this, the startup had secured $1.3 million in seed funding in 2024 from Jamwant Ventures, HVB 88 Angels, and other investors. The latest capital injection will enable SpaceFields to scale manufacturing, secure key regulatory certifications, and expand its engineering, operations, and business teams.
Driving India’s Aerospace & Defence Innovation
Founded in 2021 by Apurwa Masook, Rounak Agrawal, and Sudarshan Samal, SpaceFields develops rocket propulsion systems for both defence and aerospace applications. Its portfolio includes solid-fuel propulsion systems for UAVs, rockets, and spacecraft.
The startup has already secured four defence contracts through the Ministry of Defence’s iDEX initiative and holds patents for four indigenously developed propulsion technologies, underlining its role in India’s pursuit of sovereign, dual-use aerospace capabilities.
Strategic Collaboration
As part of the funding round, SpaceFields and lead investor Globaz Technologies will collaborate on developing critical technologies across India’s defence and aerospace value chain. Globaz, based in Delhi NCR, specializes in the design, manufacturing, assembly, and testing of aerospace and defence electronics, making the partnership a strategic boost for both companies.
Outlook
With India’s aerospace and defence sectors rapidly expanding, SpaceFields aims to strengthen domestic capabilities in propulsion technologies and support the country’s mission to achieve technological sovereignty in high-value, dual-use systems. The company’s innovations are expected to have significant impact on UAV, rocket, and spacecraft missions in both civilian and defence contexts.
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