Indian Space Tech Startup BAAS Technologies Raises ₹5 Cr in Pre-Seed Round Led by Inflection Point Ventures

Pune, 9 July 2026: BAAS Technologies, an Indian space-tech startup building reusable sub-orbital and orbital launch vehicles, has secured ₹5 crore in a pre-seed round led by Inflection Point Ventures (IPV). The round included participation from SINE IIT Bombay and select angel investors. The capital will accelerate propulsion R&D, set up a dedicated static test facility, expand manufacturing capabilities, procure critical equipment and materials, scale the team, support regulatory processes, and fund upcoming engine and flight-test milestones.

Key Highlights

• BAAS is developing reusable sub-orbital and orbital launch vehicles entirely in-house, including both solid and liquid propulsion and flight hardware.
• The company is working on four launch-vehicle families tailored to mission profiles that span research payloads to commercial satellite deployment.
• After paid pilots in India, BAAS is moving into international markets across Latin America, the Middle East, Southeast Asia, and Australia.
• A 100 kN Rocket Propulsion Testing Facility spanning 20,000 sq. ft. is being set up in Pune to conduct static fire tests and support engine validation, qualification, and commercialization.
• Inflection Point Ventures, which has invested over INR 900 crore across 280+ startups, is backing BAAS as part of its growing deep-tech and space-tech thesis.

How the Funds Will Be Deployed

• Advancing liquid and solid propulsion systems R&D
• Commissioning the 100 kN static test facility and related infrastructure
• Scaling manufacturing and procuring specialized equipment and raw materials
• Hiring across engineering and operations
• Regulatory readiness and compliance
• Executing engine validation and near-term flight-testing goals

Building an End-to-End Launch Platform

BAAS Technologies is designing and building its launch systems to be reusable from the outset, with propulsion, avionics, aerostructures, and supporting flight hardware developed under one roof. The forthcoming 100 kN Rocket Propulsion Testing Facility in Pune is central to the company’s roadmap, enabling rapid iteration, data-driven engine validation, and faster commercialization cycles.

“BAAS is building an end-to-end launch vehicle platform that reflects the company’s strong engineering capabilities and its clear understanding of the growing demands of the global space economy. By developing cost-effective and reliable launch solutions, the company is addressing the crucial market gap in small satellite access to space. We believe BAAS is well-positioned to capitalize on the increasing demand and contribute to India’s emergence as a leading space-tech innovation hub,” said Ankur Mittal, Co-Founder, Inflection Point Ventures.

“As a founder building in the space sector, where many ideas are dismissed at a very early stage due to the complexity and risk involved, finding the right investment partner matters as much as raising the capital itself. We look for investors who share the same conviction and long-term view as we do. This round with Inflection Point Ventures is a significant step for BAAS, and it puts us in a stronger position to build our launch vehicles, grow our engineering team, and contribute to India’s private space sector,” said Tanmay Kanmahale, Co-Founder & CEO, BAAS Technologies.

Team, Facilities, and Collaborations

BAAS is registered in Nashik, with an R&D office and propulsion testing facility in Pune, Maharashtra. The team brings expertise across propulsion, avionics, aerostructures, simulation, and advanced manufacturing. BAAS works with a network of local and global suppliers, university partners, and industry experts to accelerate product development. The company is incubated by SINE IIT Bombay, ARAI-AMTIF, and AIC-JKLU.

Founded in 2024 by five co-founders who first met on the STES Rocketry Team in 2020 — Tanmay Kanmahale (Co-Founder & CEO), Prashant Patil (Co-Founder & CTO), Atharva Pingale (Co-Founder & COO), Swayam Sonar (Co-Founder & CPO), and Shriniwas Hase (Co-Founder & Director) — BAAS’s leadership has represented India at multiple international rocketry competitions. Their longstanding ties with aerospace universities and research institutions across South America, North America, and Europe provide access to research collaborations, technology exchange, and best practices that feed directly into the company’s launch vehicle programs.

Market Outlook

Global demand for launch services is rising with the expansion of satellite constellations, Earth observation, communications, and defense applications. The space launch services market is projected to grow from approximately USD 25.3 billion in 2026 to USD 41.3 billion by 2030, at a CAGR of about 15.6%. India’s domestic satellite launch services market is expected to increase from USD 399 million in 2025 to USD 1.58 billion by 2033, at an estimated 18.2% CAGR. India’s broader space economy, currently around USD 8 billion, could reach USD 40–45 billion within the decade — a trajectory that creates headroom for indigenous players like BAAS to scale.

What’s Next

With fresh capital in place, BAAS will focus on engine validation campaigns at its new test site, iterate on vehicle subsystems, and prepare for upcoming flight demonstrations. The company’s roadmap pairs cost-effective, reliable launch capabilities with reusability-driven efficiencies, positioning BAAS to support research missions and provide affordable access to orbit for small satellites in India and beyond.