Funding · AI & Deep Tech

InterCosmos raises undisclosed early-stage funding from IAN Angel Fund

By Startup Enthusiast · 1 April 2026

What they do

InterCosmos develops non-toxic hypergolic propulsion systems for satellites and spacecraft

The company secured an undisclosed early-stage investment led by the IAN Angel Fund

Funds will support the first in-flight demonstration of its HyperX propulsion system

InterCosmos has closed an early-stage funding round for its aerospace operations.
The investment was led by the IAN Angel Fund, which is the evergreen fund of the IAN Group.
The specific monetary amount raised in this transaction remains undisclosed.
Founders Gokul and Aravinda Samy are both former project interns at LPSC/ISRO.
The company plans to use the capital for the first in-flight demonstration of its technology.
InterCosmos aims to achieve flight qualification for real-world space missions using these funds.
The founders intend to augment their research and engineering capabilities with the new capital.
Long-term goals include expanding into mobility platforms and interplanetary systems.

The global space economy is projected to reach approximately $1.8 trillion by 2035.
IAN Group focuses on providing early-stage capital for critical infrastructure and deeptech.
This funding supports the development of safer alternatives to traditional toxic hydrazine fuel.

InterCosmos is headquartered in Chennai with operations in Trivandrum.
It manufactures the HyperX next-gen non-toxic hypergolic propulsion system.
HyperX offers safer operation and simplified ground procedures compared to toxic hydrazine.
The company targets satellite manufacturers, spacecraft developers, and mission operators as customers.
Applications include satellite maneuvering, orbital mobility, and launch vehicle upper stages.
Deep-space missions are also identified as key application areas for their technology.
Reduced regulatory complexity is a stated benefit of their non-toxic approach.

IAN Angel Fund (lead) — The evergreen fund of the IAN Group focusing on deeptech and early-stage capital.

Product: HyperX non-toxic, high-performance hypergolic propulsion technology for satellite operations
Customers: Space agencies and commercial satellite operators requiring in-orbit maneuvering
How it makes money: B2B technology provider offering propulsion systems for space missions
What sets it apart: Non-toxic propellant enables easier handling and simplified ground operations without performance compromise