SpaceFields Pvt. Ltd., a deep-tech aerospace and defence startup, will establish an advanced Solid Propellant (Rocket Fuel) Processing Facility in Anantapur, Andhra Pradesh
The State Government had approved an allotment of 120 acres to the Indian Institute of Science (IISc), Bengaluru-incubated company at the Industrial Park in Thimmasamudram, Anantapur district.
The facility is expected to generate around 300 direct high-skilled jobs, with commercial production targeted by July 2028.
Founded in 2021 by Apurwa Masook, Rounak Agrawal and Sudarshan Samal, SpaceFields develops next-generation rocket propulsion systems and solid propellants for defence, aerospace and space applications.
The startup has earlier secured four contracts under the Ministry of Defence’s iDEX (Innovations for Defence Excellence) programme and is building a portfolio of indigenous propulsion technologies protected by multiple patents.
Last year, it raised ₹42 crore ($5 million) in a pre-Series A funding round led by Globaz Technologies, with Rockstud Capital and Venture Catalysts as co-lead investors.
The round also saw participation from Rainmatter (backed by Zerodha co-founder Nithin Kamath), SIDBI, MeitY Startup Hub, Burla Angel Network, O2 Angels, Faad Capital and other investors.
To facilitate the project, Andhra Pradesh will provide external infrastructure including water supply, high-voltage power connectivity and road access to the site.
“Andhra Pradesh is committed to creating an ecosystem where such companies can move rapidly from innovation to large-scale manufacturing. This investment is another step towards building a globally competitive aerospace and defence manufacturing hub in the state,’’ Nara Lokesh, Minister for IT & Education said in a release.