Pune-based space-tech startup BAAS Technologies has raised ₹5 crore in a pre-seed funding round led by Inflection Point Ventures (IPV), with participation from SINE IIT Bombay and a group of private angel investors.
The fresh capital will be used to accelerate research and development of the company’s liquid and solid rocket propulsion systems, establish a dedicated static testing facility, strengthen manufacturing capabilities, procure critical equipment and raw materials, and expand its engineering and operations teams.
Founded in 2024 by Tanmay Kanmahale, Prashant Patil, Atharva Pingale, Swayam Sonar, and Shriniwas Hase, BAAS Technologies is building reusable sub-orbital and orbital launch vehicles with a focus on developing indigenous rocket propulsion systems and cost-effective launch solutions for commercial enterprises, research institutions, and government organizations.
The startup designs and develops both solid and liquid rocket propulsion systems in-house, aiming to reduce India’s dependence on imported technologies while strengthening the country’s growing private space ecosystem.
As part of its expansion plans, BAAS Technologies is developing a 100 kN Rocket Propulsion Testing Facility, which will enable static fire testing, engine validation, and propulsion system qualification. The infrastructure is expected to play a key role in accelerating product development while also supporting future commercialization efforts.
The funding comes at a time when India’s space sector is witnessing rapid growth. According to market estimates, the country’s domestic satellite launch services market is projected to expand from $399 million in 2025 to approximately $1.58 billion by 2033, registering a compound annual growth rate (CAGR) of 18.2%.
Beyond the domestic market, BAAS Technologies has already completed paid pilot programs in India and is now scaling its commercial footprint internationally. The company plans to expand into Latin America, the Middle East, Southeast Asia, and Australia, reflecting growing global demand for affordable and reliable launch solutions.
With the latest funding, BAAS Technologies aims to strengthen India’s indigenous launch capabilities while positioning itself as a next-generation launch vehicle company serving both domestic and international customers.
By: Arushi Agarwal
