The fresh funds will be used to expand D-Propulse's engineering team, enhance simulation and computing capabilities, and establish limited testing infrastructure.
The Alpha Fund aims to invest in early stage companies across sectors such as AI, space tech, semiconductors, climate innovation, healthcare and other frontier areas.
With the fresh funds, the Bengaluru-based startup aims to expand in Tier I and II cities, pursue FDA certification for US entry, explore Africa and Southeast Asia, and develop a caregiver-focused app.
The Hyderabad-based platform aims to deploy the raised funds for upcoming spacecraft manufacturing facilities, strategic business acquisitions, and enhancing product offerings.