Pune: BAAS Technologies, an Indian space-tech startup focused on developing reusable launch vehicles, has raised ₹5 crore in a pre-seed funding round led by Inflection Point Ventures (IPV). The round also witnessed participation from SINE IIT Bombay and a group of private angel investors.
The newly secured capital will be utilized for research and development of liquid and solid propulsion systems, expansion of manufacturing infrastructure, development of a static testing facility, procurement of equipment and raw materials, strengthening engineering and operations teams, regulatory compliance, and upcoming engine and flight-testing milestones.
BAAS Technologies is building reusable sub-orbital and orbital launch vehicles designed for research institutions and commercial space organizations. The company develops its rocket propulsion systems in-house, covering both solid and liquid propulsion technologies.
As part of its next phase of growth, BAAS Technologies is establishing a 100 kN Rocket Propulsion Testing Facility in Pune, Maharashtra, which will support static fire testing, engine validation, qualification, and commercialization activities.
The funding comes as the Indian private space sector continues to witness increasing momentum, driven by growing demand for satellite deployment services, research missions, and commercial space applications.
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BAAS Technologies aims to address these opportunities through indigenous launch vehicle development and affordable launch solutions.
According to the company, it is developing four launch vehicle series, each designed for a different mission profile ranging from research payload launches to satellite deployment missions.
The startup has already conducted paid pilot programs in India and is now expanding its commercial footprint into international markets including Latin America, the Middle East, Southeast Asia, and Australia.
Ankur Mittal, Co-Founder of Inflection Point Ventures, said: “BAAS is building an end-to-end launch vehicle platform that reflects the company’s strong engineering capabilities and its clear understanding of the growing demands of the global space economy.
By developing cost-effective and reliable launch solutions, the company is addressing the crucial market gap in small satellite access to space.
We believe BAAS is well-positioned to capitalize on the increasing demand and contribute to India’s emergence as a leading space-tech innovation hub.”
The investment aligns with Inflection Point Ventures’ growing focus on deep-tech and space-tech ventures. The investor network has invested more than ₹900 crore across over 280 startups and is supporting BAAS Technologies as part of its efforts to back emerging technology-driven businesses with long-term growth potential.
Tanmay Kanmahale, Co-Founder and CEO of BAAS Technologies, said: “As a founder building in the space sector, where many ideas are dismissed at a very early stage due to the complexity and risk involved, finding the right investment partner matters as much as raising the capital itself.
We look for investors who share the same conviction and long-term view as we do. This round with Inflection Point Ventures is a significant step for BAAS, and it puts us in a stronger position to build our launch vehicles, grow our engineering team, and contribute to India’s private space sector.”
BAAS Technologies is registered in Nashik and operates its research and development office along with its propulsion testing facility in Pune.
The company’s team brings expertise across propulsion engineering, avionics, aerostructures, simulation, and manufacturing.
It also collaborates with local and international suppliers, university technology partners, and industry experts to accelerate product development and technological advancement.
The startup is currently incubated by SINE IIT Bombay, ARAI-AMTIF, and AIC-JKLU, providing access to industry networks, research support, and innovation ecosystems that help strengthen its technology roadmap.
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Founded in 2024, BAAS Technologies was established by five co-founders who first met as members of the STES Rocketry Team in 2020.
The founding team comprises Tanmay Kanmahale (Co-Founder & CEO), Prashant Patil (Co-Founder & CTO), Atharva Pingale (Co-Founder & COO), Swayam Sonar (Co-Founder & CPO), and Shriniwas Hase (Co-Founder & Director).
The founders have represented India at international rocketry competitions on multiple occasions, building relationships with aerospace universities and research institutions across South America, North America, and Europe.
According to the company, these collaborations now provide BAAS Technologies with access to technology exchange, research partnerships, and engineering practices that directly support the development of its reusable launch vehicle platforms.
As part of its infrastructure expansion, BAAS Technologies is establishing a 100 kN Rocket Propulsion Testing Facility spread across 20,000 square feet in Pune.
The facility will be used to conduct static fire tests for the company’s solid and liquid rocket propulsion systems, supporting engine validation, qualification, and commercialization activities.
The company said it develops its launch vehicles entirely in-house, from propulsion systems to flight hardware. Its product portfolio includes four launch vehicle series, each designed to address different mission requirements ranging from research payloads to commercial satellite deployment.
The global space launch services market continues to expand due to rising demand for satellite deployment, Earth observation, communication, and defence applications. The market is projected to grow from approximately USD 25.3 billion in 2026 to USD 41.3 billion by 2030, representing a compound annual growth rate (CAGR) of around 15.6%.
India’s satellite launch services market is also expected to witness significant growth, increasing from an estimated USD 399 million in 2025 to USD 1.58 billion by 2033 at a CAGR of 18.2%.
The country’s broader space economy, currently valued at around USD 8 billion, is projected to reach between USD 40 billion and USD 45 billion within the decade, creating opportunities for indigenous companies such as BAAS Technologies.
The company said it is positioning itself to support research organizations, commercial customers, and government agencies through affordable and reusable launch solutions developed using indigenous propulsion technologies.
