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Thrustworks Dynetics raises seed round led by Jamwant Ventures

EntrackrEntrackr · 1d ago
Thrustworks Dynetics raises seed round led by Jamwant Ventures
Medial

Thrustworks Dynetics, a propulsion systems company that designs and develops advanced rocket engine systems and subsystems for commercialization, has raised Rs 7 crore in a seed funding round led by Jamwant Ventures along with participation from Piper Serica, SINE-IIT Bombay, and other investors. The proceeds will be utilized to scale the Integrated Rocket Facility, enhance R&D in advanced propulsion systems, and expand testing capabilities to meet the growing global demand for commercial space access, Thrustworks Dynetics said in a press release. Co-founded in 2023 by Manan Joshi, Kalyani Shinde, and Vinith Shenoy, Thrustworks Dynetics designs and develops liquid rocket engine systems and subsystems along with its software and test infrastructure. According to the Pune-based company, it is developing ANYA, a liquid rocket engine platform, along with proprietary software and testing infrastructure. It has built a Mobile Rocket Engine Test Bed, enabling rapid and flexible hot-fire testing capabilities. Incubated at SINE-IIT Bombay, Thrustworks Dynetics aims to empower propulsion technology by building modular, scalable, and high-performance engines, along with Micro-combustors and High Thrust High Impulse (HTHI) Engines. The startup plans to set up an integrated rocket facility that will bring together design, manufacturing, and testing under one roof—ensuring faster development cycles and operational agility. Thrustworks Dynetics says that it is collaborating with leading space and aerospace stakeholders such as ISRO, IN-SPACe, Bharat Forge, Godrej Aerospace, and INOXCVA. It competes with other players in this space such as Ursa Major.

Nabhdrishti Aerospace raises $3 Mn led by Accel

EntrackrEntrackr · 6m ago
Nabhdrishti Aerospace raises $3 Mn led by Accel
Medial

Nabhdrishti Aerospace raises $3 Mn led by Accel Aerospace startup Nabhdrishti Aerospace has raised $3 million (around Rs 25 crore) in a funding round led by Accel, along with participation from IIMA Ventures and its existing investors. The proceeds will be used to boost the development and testing of its engine prototypes, as well as talent acquisition, Nabhdrishti Aerospace said in a press release. Co-founded in 2023 by Chouhan, Arjun Srivatsa, and Antanu Sadhu, Nabhdrishti Aerospace is building small gas turbines that will cater to hybrid urban air mobility, unmanned aerial vehicles (UAVs), and decentralized power generation appliances. The company claims its engine serves a dual purpose — propulsion and power. It can cater to hospitals, heavy vehicles, manufacturing segments, as well as light aircraft, helicopters, and hybrid electric flights. According to the Bengaluru-based company, it is developing cutting-edge technologies designed to run on sustainable fuels, including green hydrogen, to power everything from UAVs to next-generation air mobility platforms. Nabhdrishti Aerospace focuses on building sustainable, indigenous propulsion systems to reduce India’s reliance on imported aerospace technology. It aims to generate early revenue while expanding its team, with new hires expected across engineering, production, and customer support by the end of the year. Over the next few years, the company plans to steadily scale its workforce to support its growing product portfolio and customer base. Other notable startups in this space include Garuda Aerospace, Bellatrix Aerospace, and Agnikul.

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