Abyom SpaceTech

We at Abyom successfully concluded our Battleship Engine Testing Series, consisting of 150+ exhaustive tests. This validated one of the most challenging parts, which is our injectability aspect, which is key to the throttleability and reusability of the rocket engines. The tests conducted over a span of 2 months consisted of cold flow and hot fire validation of feed and ignition systems in various combinations. With this, we look ahead to furthering our goals in developing advanced aerospace technologies. We thank our team, collaborators, and supporters for helping us achieve this feat. Watch out for further updates as we explore advanced space technologies. #Abyom #EngineTest #Rocket #Aerospace

Congratulations to Abyom SpaceTech, a Hyderabad-based space tech startup supported by Ministry of Electronics and Information Technology under the #TIDE Scheme, for raising $2.5 million from SCOPE Ventures as part of its $5.4 million seed funding round! Founded in 2020, Abyom is pioneering reusable rockets and launch vehicles (RLVs) to revolutionize satellite launch services. Their innovative solutions aim to: ✅ Cut costs ✅ Increase launch frequency ✅ Promote sustainable space exploration By making satellite deployment more accessible for industries like telecommunications, agriculture, and defense, Abyom is paving the way for a more connected and efficient future. Their reusable rockets, designed for multiple launches, not only reduce costs but also tackle the critical issue of space debris. We’re proud to support startups like Abyom in shaping the future of sustainable space technology. Keep soaring higher! More Info - https://abyom.com/ Ashwini Vaishnaw | Jitin Prasada | S Krishnan | Akash Tripathi, IAS | Krishan Kumar Singh | Panneerselvam ( PS ) Madanagopal | Ministry of Electronics and Information Technology | Digital India Programme | MyGov India | Omkarnath Suprabhat Rath | Surya Kant #MeitYStartupHub #DigitalIndia #MyGov #ViksitBharat2047 #SpaceTech #MeitYStartupHub #TIDE #FundingAlert #Innovation #SustainableSpace

Abyom SpaceTech, focused on reusable rocket technology and space infrastructure, has secured $2.5 million (INR 21 crore) in its initial fundraising tranche from SCOPE Ventures. This marks the first installment of its $5.4 million seed round, which is slated to conclude by February 2024. Founded in 2020, Abyom aims to bridge the demand-supply gap in satellite launches by developing reusable launch vehicles (RLVs) and rocket technologies. Plans for the New Funding The Gorakhpur-based startup will allocate the latest funds towards: Expanding its team to speed up innovation. Enhancing R&D activities focused on creating plug-and-play rocket engine testing facilities across India. Developing key technologies, including a control system for reusable rockets, a rocket booster, and portable engine testing equipment for low-Earth orbit missions. “Abyom is charting a new course in the rocket journey, and we eagerly look forward to onboarding more visionary partners soon,” said Jainul Abedin, Founder and CEO of Abyom SpaceTech. About SCOPE Ventures SCOPE, an invite-only networking platform founded by Appalla Saikiran, connects startups, investors, and industry experts globally. Its investment arm, SCOPE VC, launched a $50 million venture fund earlier this year to support innovative startups. Pranchal Gupta | Vikas | Pruthvi | Gabriel | Maria | #spacetechnews #spacetechstartup #startupfunding #startupnews #startupronews #startupro

Abyom SpaceTech , a space tech startup founded by Jainul Abedin has raised $2.5 Mn in the first tranche of its $5.4 Mn seed funding round led by SCOPE Ventures. https://lnkd.in/gzRMbARX

Hyderabad-based space tech startup Abyom SpaceTech has raised $2.5 million from SCOPE Ventures as part of its $5.4 million seed funding round. The funding will support Abyom in developing reusable rockets and launch vehicles (RLVs) to address the growing demand for satellite launches. Jainul Abedin, Pranchal Gupta, Ramchander Rao P , Karan Behar To share your startup information write us on - [email protected] For Startup funding reach out us at: https://lnkd.in/gqwTnHME Join Our Whatsapp Channel To Get The Latest Updates & News: https://lnkd.in/esJEFzan #Abyom #news #Spacetechstartup #startup #funding #fundraising

One of our portfolio startup Abyom SpaceTech has raised $2.5 million in funding as part of $5.4 million larger seed round !! https://lnkd.in/eQnVu_Ri Jainul Abedin Anuj Batra Monica Malhotra

Abyom SpaceTech, a pioneering startup founded in 2020 by Jainul Abedin and Pranchal Gupta, is on a mission to transform India’s space industry by developing innovative, reusable launch vehicles and cryogenic rocket engines. With its eyes set on becoming a global player, Abyom is addressing the pressing challenges of cost and sustainability in space exploration. From building India’s first Plug & Play rocket engine testing facility to making strides in reusable space technologies, Abyom is paving the way for a new era in space exploration. The global space industry faces significant challenges, including high launch costs, long waiting times for satellite launches, and the ever-growing threat of space debris. Abyom has stepped into this landscape to offer solutions that could revolutionize how space missions are conducted. Read more at: https://lnkd.in/dHrPnDAH

Four years ago (~1450 Days), I was a 19-year-old space enthusiast from Kushinagar-GKP, Uttar Pradesh, with a burning passion for space exploration. Despite being in a tier-3 village with no background in aerospace or entrepreneurship, I dared to ask myself: Why wait for the stars when I can build Reusable Rockets to reach them? Thus began my uncharted journey to turn my childhood dreams of becoming an astronaut into reality. At 16, I envisioned Abyom SpaceTech to democratize space access, inspired by passion and middle-class roots, a mission for millions who dream of space exploration. But let me tell you, the journey was anything but smooth. As a first-generation entrepreneur, I had no legacy, no network—just sheer grit. Investors were sceptical, resources were scarce, and the challenges were immense. Yet, against all odds, we built what once seemed impossible. - Managed to raise $100K in govt. grants from Department of Science and Technology, Ministry of Electronics and Information Technology, Boeing, SISFS-Startup India, PIEDS : Pilani Innovation & Entrepreneurship Development Society, BITS Pilani , CIIF Chitkara University & others. Despite the challenging times, later secured an additional $300K in private investment. - I am deeply grateful to my team for embracing Abyom vision. Together, we've conducted over 150 tests of our Battleship Engine and successfully validated the Pintle Injection system— a first in India—at our very own plug-and-play testing facility. Achieving this milestone with just a fraction of the typical investment underscores our commitment to our technology and our approach to maintaining low R&D costs. - Launched a $5.4M seed round and recently closed $2.5M, with Appalla Saikiran, Founder and CEO of Scope Ventures, joining our youngest family. We're excited to soon onboard more partners to close the seed round and continue our journey toward innovation and success. Additionally, here are some key recognitions and milestones that have propelled us forward: - Chief Minister Award from the Government of UP—established UP's 1st SpaceTech Startup.   - India’s first premier commercial rocket engine testing facility at BITS Pilani, Hyderabad Campus with BITS Pilani Hyderabad Campus TBI Society (TBIS).   - Recognized as a "Top 20 Global SpaceTech Startups to Watch" & selected for Creative Destruction Lab 2024 Cohort the only Indian launch Vehicle company in the list.   - Recently Featured in Forbes India D Globalist. Select 200 Companies & leading media outlets like YourStory Media, ABP Network, Inc42 Media, The Hindu and many more... Gratitude to our mentors, supporters and early investors like Mr. Vikas & Monica and organizations like ISRO and IN-SPACe-your faith fuels us. The journey of Abyom is proof that no matter your background, language, education, or caste, a determination can defy all odds, either I faced all. Thank you for being part of this journey. More to come soon...!

We are thrilled to announce our investment of $2.5 million in Abyom SpaceTech, a pioneering startup dedicated to developing reusable rockets and space infrastructure. We are proud to lead their total Seed Round of $5.4 Million, supporting Abyom's mission to advance their Technology Demonstration Vehicle. This strategic investment underscores our commitment to fostering innovation in the space industry and supporting groundbreaking technologies that will revolutionize space exploration. Forbes India breaks the news of Abyom SpaceTech and Defence, led by Jainul Abedin and Pranchal Gupta, joining our family of founders. Welcome to Team Scope #Aerospace #Startups #VC #Investment #Spacetech #Defence #Abhyom #Scope

We are honoured to announce that Abyom SpaceTech has been recognized as one of the the Select 200 Companies with Global Business Potential at Forbes India - DGEMS 2024! This honour fuels our mission to revolutionize space operations and drive sustainable innovation. A heartfelt thank you to Forbes India, D Globalist., our incredible team, partners,investors and supporters for being part of our journey. Join us at Taj Palace, New Delhi for DGEMS 2024, where we’ll connect, celebrate, and continue paving the way for revolutionary Reusable Rocket Technology. Here’s to breaking boundaries, redefining possibilities, and inspiring a future filled with limitless potential. Together, let’s go beyond borders! #Abyom #SpaceTech #DGEMS2024 #Select200 #eXtrepreneur #BeyondBorders #GoGlobal #ForbesIndia #Forbes #Aerospace Divesh ISRO IN-SPACe PIEDS : Pilani Innovation & Entrepreneurship Development Society, BITS Pilani MeitY Startup Hub Sachin Priyanka Vikas Anuj Sajid Chitkara University Dr Adarsh Dr. Neeraj BITS Pilani Hyderabad Campus TBI Society (TBIS) Sandeep Mir Mehul Pruthvi Rohan Annu Johny Javed Jatin Yeshwanth Appalla Karan Dr. Sudhir Inc42 Media Startup Story® YourStory Media Network18 Media & Investments Limited The Economic Times Startup Pedia KaroStartup Kirtika Chahat