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Thrustworks Dynetics, a propulsion systems company that designs and develops advanced rocket engine systems and subsystems for commercialisation, has raised Rs 7 crore in a seed funding round led by Jamwant Ventures along with participation from Piper Serica, SINE-IIT Bombay, and other investors.
The proceeds will be utilized to scale the Integrated Rocket Facility, enhance R&D in advanced propulsion systems, and expand testing capabilities to meet the growing global demand for commercial space access, Thrustworks Dynetics said in a press release.
