Pune-based propulsion technology startup Thrustworks Dynetics has raised ₹7 crore in a seed funding round led by Jamwant Ventures, with participation from Piper Serica, SINE-IIT Bombay, and other strategic investors.
The funds will be utilized to scale its Integrated Rocket Facility, enhance R&D in advanced propulsion technologies, and expand testing capabilities to meet growing global demand for high-performance and reliable rocket systems.
Founded in 2023 by Manan Joshi, Kalyani Shinde, and Vinith Shenoy, Thrustworks Dynetics focuses on designing and developing liquid rocket engines, subsystems, and software-driven testing infrastructure for commercial and research applications.
The company is incubated at SINE-IIT Bombay, a hub supporting deep-tech ventures in aerospace and defense.
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The startup is currently developing ANYA, a liquid rocket engine platform supported by proprietary software and a Mobile Rocket Engine Test Bed for flexible hot-fire testing. Its vision includes establishing a fully integrated rocket facility consolidating design, manufacturing, and testing under one roof—enabling faster iteration cycles and operational efficiency.
Thrustworks Dynetics is also investing in Micro-combustors and High Thrust High Impulse (HTHI) Engines, which form the core of its modular propulsion architecture. The startup has partnered with organizations such as ISRO, IN-SPACe, Bharat Forge, Godrej Aerospace, and INOXCVA, positioning itself as a strategic player in India’s growing commercial space ecosystem.
