Dream Aerospace Technologies, on Thursday, raises Rs10 crore Pre-Series A funding round led by Mumbai-based seed-stage venture capital firm 247VC with Campus Angels Network (CAN). The current round also saw participation from Chandigarh Angels Network and other Angel Investors.
The capital will be deployed across three key initiatives, completing flight qualification of the company’s ATOM thruster series and CUBEHOOD propulsion module, expanding the production and testing facility at IIT Kanpur, and executing the first in-orbit demonstration of the CUBEHOOD module in a mission slated for 2026, with technical support from the Indian Space Research Organisation (ISRO) under an active Memorandum of Understanding.
“This funding marks a significant milestone in Dream Aerospace’s journey to build indigenous green propulsion technologies for the global space industry. The support from 247VC, Campus Angels Network, Chandigarh Angels Network, validates both our technology and our vision of making India a leader in sustainable space propulsion. The capital will enable us to accelerate the flight qualification of our ATOM thruster series, expand our testing and manufacturing capabilities, and execute our first in-orbit demonstration mission in 2026. We are grateful for the continued support from IIT Kanpur, In space, and our investors as we work towards delivering reliable, high-performance propulsion solutions for the rapidly growing small satellite market,” said, Hari Krishnan, Founder and CEO, Dream Aerospace.
“Dream Aerospace is building exactly the kind of critical, indigenous deeptech that the next decade demands – a green propulsion system that eliminates India’s dependence on imports and positions the country at the forefront of a global regulatory shift away from hydrazine. Hari and the team have demonstrated exceptional technical rigour, product building, and strong validation. 247VC backs legendary founders solving hard problems with structural tailwinds, and Dream Aerospace is a textbook example of that thesis. We are proud to lead this round and support the team through their first in-orbit demonstration and beyond,” mentioned, Shashank Randev, General Partner, 247VC.