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Indian Space Tech Startup BAAS Technologies Raises ₹5 Cr in Pre-Seed Round Led by Inflection Point Ventures

Newsmantra — Thu, 09 Jul 2026 07:08:32 +0000

BAAS Technologies is developing India’s reusable sub-orbital and orbital launch vehicles entirely in-house, from propulsion systems to flight hardware.
BAAS is developing four launch vehicle series, each built for a different mission profile, from research payloads to satellite deployment.
The company has already run paid pilot programs in India and is now expanding commercially into Latin America, the Middle East, Southeast Asia, and Australia.
BAAS is setting up a 100 kN Rocket Propulsion Testing Facility across 20,000 sq. ft., where it will run static fire tests on its solid and liquid propulsion systems as part of engine validation, qualification, and commercialization.
Inflection Point Ventures, which has invested over INR 900 crore across 280+ startups to date, is backing BAAS as part of its push into deep-tech and space-tech.

Pune, 9th July 2026: Indian Space Tech startup BAAS Technologies has raised ₹5 Cr in a pre-seed round led by Inflection Point Ventures. The round also saw participation from SINE IIT Bombay and a group of private angel investors. The funds will go toward R&D on liquid and solid propulsion systems, building out the static test facility and manufacturing infrastructure, procuring equipment and raw materials, growing the engineering and operations team, regulatory compliance, and upcoming engine and flight-testing milestones.

BAAS Technologies builds reusable sub-orbital and orbital launch vehicles for research institutions and commercial space players. The company designs and develops its own solid and liquid rocket propulsion systems, and its upcoming 100 kN Rocket Propulsion Testing Facility in Pune will support static fire testing, engine validation, and commercialization as BAAS moves toward its next stage of growth.

Speaking on the announcement, Ankur Mittal, Co-Founder, Inflection Point Ventures, said, “BAAS is building an end-to-end launch vehicle platform that reflects the company’s strong engineering capabilities and its clear understanding of the growing demands of the global space economy. By developing cost-effective and reliable launch solutions, the company is addressing the crucial market gap in small satellite access to space. We believe BAAS is well-positioned to capitalize on the increasing demand and contribute to India’s emergence as a leading space-tech innovation hub.”

Commenting on the investment, Tanmay Kanmahale, Co-Founder & CEO, BAAS Technologies, said, “As a founder building in the space sector, where many ideas are dismissed at a very early stage due to the complexity and risk involved, finding the right investment partner matters as much as raising the capital itself. We look for investors who share the same conviction and long-term view as we do. This round with Inflection Point Ventures is a significant step for BAAS, and it puts us in a stronger position to build our launch vehicles, grow our engineering team, and contribute to India’s private space sector.”

The company is registered in Nashik, with its R&D office and propulsion testing facility in Pune, Maharashtra. The BAAS team brings together expertise in propulsion, avionics, aerostructures, simulation, and manufacturing, and works with local and global suppliers, university technology partners, and industry experts to move product development forward. BAAS is incubated by SINE IIT Bombay, ARAI-AMTIF, and AIC-JKLU.

BAAS Technologies was founded in 2024 by five co-founders who first met on the STES Rocketry Team in 2020: Tanmay Kanmahale (Co-Founder & CEO), Prashant Patil (Co-Founder & CTO), Atharva Pingale (Co-Founder & COO), Swayam Sonar (Co-Founder & CPO), and Shriniwas Hase (Co-Founder & Director). The founders have represented India at international rocketry competitions on multiple occasions, building relationships with aerospace universities and research institutions across South America, North America, and Europe along the way. Those ties now give BAAS access to technology exchange, research collaborations, and engineering practices that feed directly into its launch vehicle development.

The global space launch services market is growing on the back of rising demand for satellite deployment, Earth observation, communication, and defense applications, from roughly USD 25.3 billion in 2026 to a projected USD 41.3 billion by 2030, at a CAGR of around 15.6%. India’s domestic satellite launch services market is expected to grow from USD 399 million in 2025 to USD 1.58 billion by 2033, at 18.2% CAGR. The country’s broader space economy, currently around USD 8 billion, is projected to reach USD 40-45 billion within the decade, leaving room for indigenous players like BAAS.

Cosmoserve Space Announces Mission Embrace, the World’s First In-Orbit Soft Robotic Capture Demonstration

Newsmantra — Tue, 07 Jul 2026 06:18:26 +0000

Flying aboard Skyroot Aerospace’s Vikram-1 maiden orbital launch under Mission Aagaman, which has received its launch window clearance between July 12 and August 4, 2026
The mission demonstrates a soft robotic capture technology developed from concept to flight readiness in just four months by one of the world’s fastest startups to progress from founding to flight.

Hyderabad, India, 6th July 2026: Cosmoserve Space, an Indian startup developing Active Debris Removal (ADR) technologies, today announced Mission Embrace, its first orbital technology demonstration, which will fly aboard Skyroot Aerospace’s Vikram-1 maiden orbital launch, Mission Aagaman, during the approved launch window between July 12 and August 4, 2026. Mission Embrace will fly aboard India’s first privately developed orbital launch vehicle carrying satellite payloads, while simultaneously attempting the world’s first demonstration of soft robotic capture in orbit.

Cosmoserve Space is building solutions to one of spaceflight’s most pressing challenges: the growing population of dead and derelict satellites cluttering Earth orbit. With thousands of inactive satellites and debris objects currently orbiting Earth, and many more expected as satellite constellations continue to expand, Active Debris Removal (ADR) is emerging as one of the most critical capabilities for ensuring long-term orbital sustainability. The company’s core offering is a dual-spacecraft system, in which a robotic servicer spacecraft is capable of capturing and removing defunct satellites at roughly one-tenth the cost of any comparable solution available today.

At the heart of that system is Cosmoserve’s soft robotic capture mechanism, a compliant capture technology purpose-built to gently latch onto unprepared and non-cooperative objects in orbit — precisely the conditions found around dead satellites. Mission Embrace will validate this capture technology in the space environment for the first time anywhere in the world, a milestone the company considers foundational to its broader debris-removal roadmap.

The pace of development behind Mission Embrace is itself notable: the soft robotic capture technology was advanced from initial concept to flight-ready hardware in just four months. Cosmoserve Space was incorporated less than a year ago and having a payload already on the launch pad places it among the fastest companies in the world to progress from founding to flight. From initial concept to flight-qualified hardware in just four months, Mission Embrace demonstrates how India’s emerging private space ecosystem is dramatically shortening technology development cycles while delivering globally relevant innovation.

Development followed a structured engineering and review process overseen by an independent committee comprising former ISRO scientists and industry veterans. The technology was formally assessed at each major milestone — system concept review (SCR), preliminary design review (PDR), critical design review (CDR), and flight readiness review (FRR) — before being cleared for flight.

Dr. Chiranjeevi Phanindra, Founder & Chief Executive Officer, Cosmoserve Space, said, “Mission Embrace forms part of India’s first private orbital launch carrying satellite payloads while also attempting the world’s first demonstration of soft robotic capture in orbit. We developed this technology from concept to flight-ready hardware in just four months within a company that is less than a year old, without compromising engineering rigor. Through this mission with Skyroot, we are demonstrating how rapidly India’s private space ecosystem can innovate through collaboration. Mission Embrace is an important milestone in advancing technologies that will enable orbital sustainability and space debris removal.”

Mission Embrace represents the first milestone in Cosmoserve Space’s long-term vision to build scalable technologies for Active Debris Removal (ADR) and in-orbit servicing. As satellite constellations continue to expand and orbital congestion increases, technologies that enable capture, and removal of defunct spacecraft will become essential to the future of space operations. With Mission Embrace, Cosmoserve Space takes its first step towards building critical orbital infrastructure that will help create a safer, more sustainable, and commercially viable space ecosystem.

India’s First Private Orbital Rocket, Skyroot’s Vikram-1, to Launch Between July 12 and August 4

Newsmantra — Fri, 03 Jul 2026 08:21:24 +0000

Skyroot unveils the Mission Aagaman patch, honouring India’s space journey while marking the arrival of a new era in private orbital launches.

The mission is named Aagaman, Sanskrit for “Arrival”. It marks the arrival of India’s private orbital launch capability for the world. The primary objective of capturing critical flight data foundational to creating a high-cadence, on-demand launch capability for the fast-growing global space economy.

Bangalore, 2 July 2026 — Skyroot Aerospace today announced the opening of the launch window for the maiden test flight of its Vikram-1 launch vehicle — India’s first privately developed orbital-class rocket. Test Flight-1 is targeted for no earlier than July 12, subject to the completion of assembly and testing operations at the launch site in SDSC-SHAR, Sriharikota, and weather, safety, and range clearance. The window extends till 4August.

The single most important objective of Mission Aagaman is to capture the real in-flight performance data from every system on Vikram-1. We want to understand how the vehicle performs from lift-off through every phase of ascent. This data cannot be fully replicated through ground testing. It will help us validate our designs and inform subsequent vehicle development as we build a reliable, high-cadence commercial launch programme. The moment Vikram-1 lifts off, India’s private space industry will cross a threshold it has never crossed before.

— Pawan Kumar Chandana, Co-founder & CEO, Skyroot Aerospace.

Mission Aagaman, meaning “the arrival”, marks Skyroot’s second mission following the successful suborbital flight of Vikram-S, the first private rocket to reach space from Indian soil, on 18 November 2022.

This will be partially commercial flight, with the company planning to commence full commercial flights after one or two successful demonstrations to orbit. Joining the test flight is a mix of domestic and international customers.

From a dream to build a launch vehicle in India to now attempting an orbital flight has been a journey like no other. With Vikram-S in 2022, we validated the foundation of our technology stack; With Vikram-1, we take our biggest step, yet toward a reliable, high-cadence launch programme built in India, for India and the world. This mission is designed as both a technology demonstration and a learning mission. This has been made possible by the collective confidence of the Government of India, IN-SPACe, ISRO, our investors, our customers and a dedicated team of 1000+ individuals.

— Naga Bharath Daka, Co-founder & COO, Skyroot Aerospace

All stages of Skyroot’s Vikram-1 have been successfully integrated and stacked at the launch pad.

The mission will gather critical data across propulsion, stage separation, guidance, navigation, control and overall vehicle performance, supporting the evolution of Skyroot into a commercially operational launch company.

Vikram-1 is a seven-storey-tall, multi-stage orbital launch vehicle built with an all-carbon composite structure and powered by in-house developed propulsion systems, including 3D-printed engines and high-thrust solid-fuel rocket boosters. Designed to carry small satellites weighing up to 350 kg to Low Earth Orbit (LEO), Vikram-1’s maiden mission will target an orbit at an altitude of 450 km with a 60-degree orbital inclination. The flight-ready rocket was unveiled by Prime Minister Shri Narendra Modi in November 2025 during the inauguration of Skyroot’s Infinity campus.

For India, the ability to reach orbit reliably and frequently is a strategic capability that only a handful of nations possess. Today, access to space remains a major bottleneck, with satellite operators often waiting months or even years for a launch opportunity. Backed by IN-SPACe’s efforts to open India’s space sector and ISRO’s technical infrastructure, Skyroot’s Cab to Space model aims to provide dedicated and precise access to orbit.

Satellites support services that millions rely on every day, from agriculture and fisheries to disaster management, communications, connectivity, navigation and national security. Frequent and affordable access to orbit is what enables these capabilities to be built and scaled within India.

The economic opportunity is equally significant. India’s space economy is expected to grow from around USD 8.4 billion today to USD 44 billion by 2033. Indigenous launch capability will be a critical enabler of this growth, unlocking opportunities for India’s rapidly expanding private space ecosystem. The emergence of companies such as Skyroot, India’s first spacetech unicorn, signals both the scale of investor confidence in the sector and the growing maturity of the country’s commercial space ambitions.