BAAS Technologies Raises Rs 5 Crore Pre-Seed Funding Led by IPV
The startup is developing indigenous propulsion technologies to make satellite launches more affordable and accessible for commercial, research, and government missions.
Pune-based space-tech startup BAAS Technologies has raised ₹5 crore in a pre-seed funding round led by Inflection Point Ventures (IPV).
The round also saw participation from SINE IIT Bombay and several angel investors.
The company will use the fresh capital to accelerate technology development, advance its liquid and solid rocket propulsion programmes, establish a dedicated static engine testing facility, strengthen manufacturing capabilities, procure critical equipment and 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 launch systems for sub-orbital and orbital missions. The startup is developing indigenous propulsion technologies aimed at making satellite launches more affordable and accessible for commercial enterprises, research institutions, and government organisations.
The company designs and develops both solid-fuel and liquid-fuel rocket engines in-house. As part of its next phase of growth, BAAS plans to establish a 100 kN Rocket Propulsion Testing Facility, which will enable engine validation, static-fire testing, and qualification of propulsion systems for future commercial launch missions.
According to the company, it has already completed paid pilot projects in India and is now expanding its commercial outreach to international markets, including Latin America, the Middle East, Southeast Asia, and Australia.
BAAS is targeting the rapidly growing small satellite launch segment, where increasing demand from Earth observation, communications, defence, and scientific missions is driving the need for more frequent and cost-efficient launch services.
The funding comes as India’s private space ecosystem continues to gain momentum following the liberalisation of the space sector and the establishment of IN-SPACe, which has opened greater opportunities for private companies to develop launch vehicles, satellites, propulsion systems, and space infrastructure.
Industry estimates suggest India’s satellite launch services market is expected to grow from around $399 million in 2025 to nearly $1.58 billion by 2033, driven by rising satellite deployments, increasing commercial demand, and continued government support for private participation.