Omspace Rocket and Exploration Pvt. Ltd, often referred to simply as Omspace, is an innovative space technology startup based in Ahmedabad, Gujarat, India. The company, founded in June 2020 by Shyamkumar Kapilprasad Sharma and Ravindra Raj Binod Mistri, focuses on developing affordable satellite launch services for small and nano-satellites into Low Earth Orbit (LEO). It recently secured $3 million in pre-seed funding to enhance its capabilities and expand its operations. The startup aims to democratize space access by developing reusable launch vehicles like Infinity One.
| Attribute | Information |
|---|---|
| Founding Date | June 30, 2020 |
| Headquarters | Ahmedabad, Gujarat, India |
| Founders | Shyamkumar Kapilprasad Sharma, Ravindra Raj Binod Mistri |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Family Office, Angel Investors |
| Industry | Aerospace & Defense |
| Number of Employees | Not publicly disclosed |
Omspace Rocket and Exploration Pvt. Ltd. was conceived amidst India's growing private space sector initiatives. Founded by aerospace enthusiasts Ravindra Raj Binod Mistri and Shyamkumar Kapilprasad Sharma, the company was incubated at CrAdLE, the Centre for Advancing & Launching Enterprises of the Entrepreneurship Development Institute of India (EDII). Early support and resources from EDII enabled Omspace to develop its flagship launch vehicle, Infinity One. By harnessing cutting-edge technologies like metal 3D printing and cryogenic engines, Omspace carved out a niche for itself among pioneering Indian space-tech startups.
Omspace's business model revolves around delivering accessible and economical launch solutions for small satellites. A major part of its strategic approach is the development of Infinity One, a reusable rocket aimed at launching small satellite payloads efficiently.
Omspace actively operates in the competitive space launch market, providing specialized engineering services and skills development workshops. Its focus on reusable rockets embodies innovative and sustainable practices in space vehicle construction. By 2025, Omspace is viewed as a significant player within Indian aerospace, driven by its commitment to high-frequency, cost-effective satellite deployments.
Omspace's unique competitive advantage lies in its ability to merge advanced technological methods with affordability, a critical factor for emerging markets. The company's strategic alliances and focus on indigenous innovation have fortified its standing in the space-tech industry, positioning it to influence future satellite deployment paradigms on a global scale.
Omspace Rocket and Exploration Pvt. Ltd. exemplifies the robust potential of India's burgeoning private aerospace sector. With its pioneering initiatives, the company is not only shaping its future but is also setting a new standard for affordability and innovation in satellite launching. As Omspace continues its journey towards its first commercial launch slated for 2028, it bears the promise of revolutionizing space accessibility and expanding its global footprint. The company's steadfast commitment to innovation, coupled with strategic investments and global expansion plans, positions Omspace for a transformative role in the international space industry.