IISc-incubated space tech startup SpaceFields has raised $800k seed funding. The startup designs and manufactures solid rocket propulsion systems for aerospace, defence, and space applications. They have filed six patents and unveiled India’s first aerospike rocket engine. The funding will be used for developing and testing critical hardware and subsystems, research and development in energetic materials, and expanding the team.
Paramount to produce composite rotor blades in India with Bharat Forge defenceweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenceweb.co.za Daily Mail and Mail on Sunday newspapers.
Guru Biswal, CEO-Aerospace Division, Bharat Forge said: “This MoU with Paramount is a testimony of our commitment to work for an 'Atmanirbhar Bharat', to create technologies that are niche and shall support Indian and global requirements. This collaboration will focus on creating the ‘Centre of Excellence’ for design, development and manufacture of composite rotor blades for Rotary Wing
Bharat Forge Ltd (BFL) and global aerospace and technology company, Paramount Group have signed a Memorandum of Understanding (MoU) for the development and production of Composite Rotor Blades, Mission Systems and Stores Management systems for .