Funding · Government, Defense & Space

Dream Aerospace raises ₹10 crore pre-Series A to develop green satellite propulsion

By Startup Enthusiast · 12 June 2026

What they do

Dream Aerospace builds green chemical propulsion systems for small satellites and CubeSats

The company raised ₹10 crore in a pre-Series A round led by 247VC and Campus Angels Network

The funds will support flight qualification of its ATOM thrusters, expansion of testing facilities, and an in-orbit demonstration in 2026

Dream Aerospace raised ₹10 crore in a pre-Series A funding round led by 247VC and Campus Angels Network.
The round also included participation from Chandigarh Angels Network and other angel investors.
The company plans to use the funds to complete flight qualification of its ATOM thruster series and CUBEHOOD propulsion module.
It will also expand its production and testing facilities at IIT Kanpur.
Dream Aerospace aims to execute its first in-orbit demonstration of the CUBEHOOD module in 2026, with support from ISRO.

The shift to green propulsion is driven by global regulations moving away from toxic hydrazine.
India’s space economy is projected to reach USD 13 billion by the end of 2026.
Dream Aerospace is addressing a growing need for sustainable propulsion solutions in the small satellite market.

Dream Aerospace is an IIT Kanpur-incubated deeptech company focused on green chemical propulsion systems.
The company is developing India’s first commercial HAN-based monopropellant, the ATOM thruster series.
It also works on the CUBEHOOD propulsion module, designed for small satellites and CubeSats.
Dream Aerospace operates an in-house propellant blending and thruster testing facility at IIT Kanpur.
The company collaborates with ISRO under an active Memorandum of Understanding.

Dream Aerospace plans to execute its first in-orbit demonstration of the CUBEHOOD module in 2026.
The company aims to become a credible supplier of advanced space technologies globally.

247VC (lead) — A seed-stage venture capital firm focused on deep tech and frontier technologies.
Campus Angels Network (investor) — An angel investment platform supporting startups from academic and research ecosystems.
Chandigarh Angels Network (investor) — An angel investment network supporting early-stage startups.

Product: Green chemical propulsion systems for satellites and CubeSats.
Customers: Commercial and defense satellite operators.
How it makes money: Sells propulsion hardware and related space technology solutions.
What sets it apart: Indigenous, environmentally friendlier propulsion aimed at low-cost, scalable satellite missions.
Operations: Develops ATOM thrusters and the CUBEHOOD propulsion module, with testing and in-orbit demonstration plans.