September 19, 2025: Bengaluru-based space technology startup SpaceFields has successfully secured Rs 42 crore in a pre-Series A funding round. The fresh capital will be utilized to scale up the company’s production capacity, speed up regulatory approvals, and expand its team across engineering, operations, and business roles.
Founded in 2021, SpaceFields is focused on rocket propulsion and solid propellant technologies within India’s space and defence sectors. The startup, incubated by the Indian Institute of Science, Bangalore, is driven by Apoorva Masook, Rounak Agrawal, and Sudarshan Samal. With this funding, SpaceFields aims to strengthen its R&D capabilities and bring its innovations to the forefront of India’s space and defence technology.
SpaceFields Expanding Capabilities and Accelerating Growth
The startup’s latest investment comes at a critical juncture in its journey, as it seeks to expand its presence in the space tech industry. In particular, the company plans to focus on scaling its solid propulsion systems that play a pivotal role in both space exploration and defence operations.
Solid propulsion is a crucial component in rocket launches, missile systems, and defence applications. The company’s propulsion systems are already being tested by various government and private sector players in India, including the Ministry of Defence, Defence Research and Development Organisation (DRDO), and tactical drone manufacturers.
SpaceFields has already secured four contracts through the Indian Defence Ministry’s iDEX initiative. The startup has also filed ten patents, with five granted, reflecting the strength of its technology and innovation.
According to Karan Wilkhoo, Director & Promoter at Globaz Technologies, which led the funding round: “This investment reflects our confidence in SpaceFields’ ability to translate advanced propulsion R&D into impactful solutions for both India and global markets.”
Strategic Partnerships and Technological Advancements
The funding will also help SpaceFields in strengthening its strategic partnerships, including one with Globaz Technologies, a key player in systems engineering and supply chain integration. This collaboration will provide much-needed support in scaling up manufacturing and integrating the advanced propulsion systems developed by SpaceFields.
The startup has already made significant strides in innovation, developing cutting-edge propulsion platforms that have the potential to enhance India’s technological self-reliance. According to Apoorva Ranjan Sharma, Co-founder and MD of Venture Catalysts, “In just four years, the team has transformed rigorous research into patent-backed solid-propulsion platforms that could strengthen our armed forces and catalyse the growth of India’s NewSpace economy.”
Investor Support
The funding round, which saw participation from Globaz Technologies, Rockstud Capital, and Venture Catalysts, also attracted other prominent investors such as Rainmatter, Burla Angel Network, Faad Capital, SIDBI, O2 Angels, and MeitY Startup Hub. This wide investor backing underscores the growing confidence in SpaceFields’ potential to disrupt the space and defence sectors with its innovative propulsion technologies.
With a commitment to scaling its operations and advancing India’s space tech capabilities, SpaceFields is poised for significant growth, and this funding marks a key step in its journey to become a leader in solid propulsion technology.
