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§ Private Profile · Bengaluru, Karnataka
SpaceFields is a technology company.
SpaceFields develops advanced solid propulsion technologies, creating custom rocket motor systems for critical aerospace and defense applications. The company focuses on next-generation dual-use rocket propulsion, engineering solutions for both commercial spaceflight and national security needs. Their technical approach emphasizes innovative solid-fuel systems designed for high performance and reliability.
The company was founded in 2021 by Rounak Agrawal, who identified a market need for specialized and adaptable propulsion systems. This insight led to establishing SpaceFields with a focus on addressing the evolving demands for sophisticated rocket motors in various sectors. The founding vision centers on advancing the capabilities of solid propulsion to meet contemporary challenges.
SpaceFields serves clients within the commercial spaceflight industry and national security domains, providing tailored propulsion for diverse missions. The company's long-term vision is to be a key enabler in the future of aerospace and defense by consistently delivering cutting-edge and dependable propulsion technologies to power ambitious ventures.
SpaceFields has raised $5.8M across 2 funding rounds.
SpaceFields has raised $5.8M in total across 2 funding rounds.
SpaceFields is a spacetech startup founded in 2021 in Bengaluru, India, specializing in advanced solid rocket propulsion technologies for aerospace, defense, UAVs, tactical systems, and commercial spaceflight. The company develops custom, mission-critical solid-fuel systems, including smokeless rocket-assisted artillery, tactical missiles, strap-on boosters for orbital launches, and innovative aerospike engines with proprietary green propellants that boost performance by 30-40%.[1][2][3][4] It serves national security teams, DRDO, ISRO, drone manufacturers, and commercial space operators, solving key challenges like supply chain delays, high costs, and outdated propulsion in dual-use applications.[2][5] At the angel stage with $800K raised, SpaceFields demonstrates early momentum through government-backed projects, patents filed, and India's first aerospike rocket engine test.[1][3]
SpaceFields was founded in September 2021 by Apurwa Masook, Sudarshan Samal, and Rounak Agrawal, all with deep rocketry expertise from leading India's first student team to successfully launch seven sounding rocket missions. Incubated at the Indian Institute of Science (IISc) Bengaluru and supported by governments of India, Karnataka, and Odisha, the idea emerged from their student rocketry achievements, which earned recognition from the Prime Minister in "Maan ki Baat," ISRO, DRDO, and entries in the Limca and Asia Books of Records.[2][3][5][6] Their proven track record in agile protoflight execution and cost-efficient development directly fueled the company's focus on next-generation solid propulsion, starting with rapid design-build-test cycles to address inertia in legacy aerospace and defense sectors.[2][3][5]
SpaceFields rides India's booming spacetech and defense indigenization wave, fueled by government policies de-risking startups via R&D spending, assured markets, and initiatives like iDEX for DRDO/ISRO needs. Timing is ideal amid global supply chain crises and India's space economy growth (projected multi-billion scale), where solid propulsion underpins missiles, PSLV/GSLV launches, and smallsat missions—sectors long dominated by slow incumbents.[3][5] Market forces like rising defense budgets, commercial LEO demand, and green propulsion mandates favor its high-efficiency, dual-use tech, reducing import reliance and enabling exports. By innovating in an "uncharted domain," it influences the ecosystem through agile supply, cost reductions, and tech transfers, boosting India's A&D self-sufficiency alongside peers like Agnikul Cosmos.[1][2][5]
SpaceFields is poised for acceleration via government contracts, field trials, and commercialization in drones/defense as low-hanging fruit, potentially scaling to orbital/large production with certifications. Trends like AI-driven design, green propellants, and hypersonic/tactical missile proliferation will shape its path, amplifying influence in India's $10B+ space/defense markets. As a pioneer reimagining stagnant propulsion, it could transform launch economics and national security, propelling from startup to key supplier—echoing its origins in student rockets to orbit-shifting impact.[3][5]
SpaceFields has raised $5.8M across 2 funding rounds. Most recently, it raised $5.0M Seed in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2025 | $5M Seed | Globaz Technologies | Merak Ventures, Venture Catalysts, Kunal Shah, Burla Angel Network, Faad Network, Ministry OF Electronic And IT, O2 Angel Network, Abhishek Agarwal, Sidbi | Announced |
| Feb 27, 2024 | $800K Seed | HVB 88 Angels, O2 Angel Network | Athar Shahab, Guru Biswal, Kalyan Chakrabarti, Keshab Panda, Burla Angels, Vinners | Announced |
SpaceFields has raised $5.8M in total across 2 funding rounds.
SpaceFields's investors include Globaz Technologies, Merak Ventures, Venture Catalysts | India's First Integrated Incubator, Kunal Shah, Burla Angel Network, Faad Network, Ministry of Electronic and IT, O2 Angel Network, Abhishek Agarwal, SIDBI, HVB 88 Angels, Athar Shahab.