Omspace Rocket Raises ₹25 Cr to Build Reusable Launch Vehicle

Bestvantage Investments, a boutique investment advisory firm, has facilitated a ₹25 crore pre-seed funding round for Omspace Rocket and Exploration, an Indian space-tech startup developing the country’s first Reusable Small Launch Vehicle (RSLV). The round was led by the family office of Dubai-based investor Surya.

The funding marks a milestone for both companies. For Omspace, it accelerates the development of reusable launch technology in India’s fast-growing small satellite market. For Bestvantage, founded by Raman Sharma, the deal demonstrates its strategy of backing high-potential ventures across India and the Middle East. The firm specializes in deal sourcing, investment structuring, and capital raising for early to growth-stage startups, particularly in high-growth sectors such as aerospace, defense, and deep-tech. 

Why is Omspace Rocket and Exploration a Strategic Bet for Investors?

Incorporated in 2020 and recognized by the Department for Promotion of Industry and Internal Trade(DPIIT) as a startup in the Aerospace & Defense sector, Omspace is building Infinity-I, a reusable small launch vehicle designed to re-launch within 24–48 hours.

With projected rocket costs of $3–4 million and per-launch revenues expected to reach $2 million annually by the fourth year of operations, Omspace aims to deliver cost-efficient access to space. This positions the company competitively in the $55 billion global small satellite launch market, where India currently holds only a 2% share. Omspace’s goal is to increase India’s market share to 15% by 2035.

How Does Bestvantage Investments Add Value Beyond Capital?

Raman Sharma, Founder & CEO of Bestvantage Investments, said the partnership underscores the firm’s role in connecting startups with not just investors, but also the strategy, resources, and networks required for global growth.

“Omspace exemplifies visionary entrepreneurship. Our role is to provide not just capital but also access to strategy, networks, and scale opportunities for startups shaping the future,” Sharma said.

What Are Omspace’s Key Milestones So Far?

Since inception, Omspace has achieved significant progress:

• Completed two solid fuel rocket engine tests and cryogenic ignitor testing.
• Established operations in Ahmedabad, Gujarat, with an international branch in Sharjah, UAE.
• Signed 44 MoUs with leading institutions, securing commitments worth $2.05 million.
• Trained more than 55,000 students through its space-tech programs, with up to 25% securing industry jobs globally.

Dr. Ravindra Raj, Founder and CEO of Omspace, emphasized the strategic importance of the funding round:

“We are building the future of India in space, and this is just the beginning. With the global small satellite launch market expected to surge past $55 billion, and India still accounting for only 2% of this rapidly growing sector, Omspace is determined to help India grow its market share to 15% by 2035. This funding is not just about capital, it’s about belief in our vision to make space more accessible, faster, and more affordable.”

The fresh funding will support the company’s third solid fuel engine test, a sub-orbital rocket launch, and advanced development of its liquid cryogenic engine. It will also strengthen infrastructure, recruit specialized talent, and advance reusability testing and system integration for Infinity-I.

What Ecosystem Support Does Omspace Have?

Omspace benefits from strong institutional support, including IN-SPACe and the ISRO startup ecosystem. The company has also:

• Received the Gujarat Government’s OCD Grant of ₹10 lakh.
• Been selected for the AWS Space Accelerator Program led by T-Hub, Hyderabad.
• Featured in Taiwan’s International SpaceTech Startup Supporting Program (TAcc+).

Outlook for Investors

With Omspace targeting a larger share of the global small satellite launch market and Bestvantage Investments strengthening its portfolio of high-growth startups, the funding round signals rising investor confidence in India’s new-space economy.

For investors, the deal highlights opportunities in aerospace innovation, scalable space-tech business models, and cross-border investment flows between India and the Middle East.

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