Pune: As India’s private space ecosystem continues to expand, Pune-based Thrustworks Dynetics is positioning itself as a specialized supplier of liquid rocket propulsion systems, enabling launch vehicle developers to purchase ready-to-integrate engines instead of building them from scratch.
Founded in 2023, the spacetech startup focuses on designing modular rocket engines and integrated testing infrastructure that can significantly reduce the time required to develop launch vehicles.
The company works with leading organizations including ISRO, IN-SPACe, Godrej Aerospace, Bharat Forge, and INOXCVA, highlighting its growing presence in India’s emerging commercial space sector.
Rocket engines remain one of the most complex and expensive components of launch vehicle development. Traditionally, private launch companies invest years designing and testing propulsion systems before reaching operational readiness.
Thrustworks Dynetics aims to simplify this process by offering customizable, modular liquid rocket engines that companies can integrate into their launch vehicles, reducing development timelines from years to months.
This approach allows launch startups to focus on vehicle integration and mission execution while relying on specialized propulsion expertise. The company’s flagship product is ANYA, a modular liquid rocket engine platform.
Instead of developing entirely new engines for every customer, the platform allows launch companies to choose engine configurations best suited to their mission requirements.
The modular design offers:
- Faster development cycles.
- Greater flexibility.
- Lower engineering costs.
- Simplified customization.
- Scalable propulsion solutions.
The company believes this model can help accelerate India’s commercial launch capabilities. Beyond engine development, Thrustworks Dynetics has invested in its own testing infrastructure.
The company has already developed a mobile engine test bed, enabling frequent engine firing tests without depending solely on shared national testing facilities.
It is now establishing an integrated rocket development facility that will combine:
- Design
- Manufacturing
- Assembly
- Engine testing
under one location.
According to the company, this integrated approach can significantly reduce development delays caused by moving hardware between multiple facilities.
Thrustworks Dynetics was founded by:
- Manan Joshi
- Kalyani Shinde
- Vinith Shenoy
The founders previously worked together at Bharat Forge Aerospace, where they were involved in rocket engine development.
Their prior experience provides technical credibility in a sector where reliability and engineering expertise are critical for customer confidence. Rather than developing its own launch vehicles, Thrustworks positions itself as an enabling technology partner for India’s aerospace industry.
Its collaborations include:
- ISRO
- IN-SPACe
- Bharat Forge
- Godrej Aerospace
- INOXCVA
The company aims to strengthen India’s space supply chain by providing propulsion technology to launch vehicle developers.
In October 2025, Thrustworks Dynetics raised ₹7 crore in seed funding.
Funding Details
| Particulars | Details |
|---|---|
| Founded | 2023 |
| Headquarters | Pune, Maharashtra |
| Sector | SpaceTech / Rocket Propulsion |
| Funding Raised | ₹7 Crore |
| Funding Stage | Seed |
| Lead Investor | Jamwant Ventures |
| Other Investors | Piper Serica, SINE-IIT Bombay |
The funding is being used to:
- Expand propulsion research.
- Build integrated manufacturing facilities.
- Increase engine testing capacity.
- Accelerate product development.
India’s space sector has undergone significant reforms in recent years with increased participation from private companies.
The creation of IN-SPACe has opened new opportunities for startups involved in:
- Launch vehicles
- Satellites
- Space components
- Propulsion systems
- Space manufacturing
As more private launch companies emerge, demand for specialized suppliers such as Thrustworks Dynetics is expected to grow. Developing reliable rocket engines remains one of the biggest technological challenges in the aerospace industry.
By offering modular propulsion systems, Thrustworks Dynetics could help:
- Reduce launch vehicle development costs.
- Accelerate commercialization.
- Improve access to propulsion technology.
- Strengthen India’s domestic aerospace supply chain.
- Support the country’s expanding private space ecosystem.
The company also contributes to India’s broader objective of becoming a global hub for commercial space innovation.
