The Venture Codex

Led · Seed · Feb 2024

Founded in 2021 by Apurwa Masook, Rounak Agrawal, and Sudarshan Samal, SpaceFields designs and manufactures solid-fuel powered propulsion systems for UAVs, rockets, and spacecraft. The company targets both defence and commercial aerospace markets and has already secured four defence contracts through the Ministry of Defence’s iDEX initiative. SpaceFields holds patents on four indigenously developed propulsion technologies, underscoring its technical differentiation. Management plans to use fresh capital to scale manufacturing capacity, obtain key regulatory certifications, and expand engineering, operations, and business teams. The firm is positioning itself as a provider of critical, sovereign, dual-use technologies within India’s defence and aerospace value chain. To date, SpaceFields has raised a cumulative $6.3 million, including a $1.3 million seed round earlier in 2024 and the current pre-Series A financing.