India, Nov. 20 -- Abyom, a startup working on reusable rocket technology and space infrastructure, has secured $2.5 Mn (around INR 21 Cr) as a part of its ongoing seed funding round from startup networking platform SCOPE Ventures.

According to the company, this is the first tranche of its $5.4 Mn seed round and is aiming to close it by February next year.

Gorakhpur-based Abyom plans to use the fresh capital to expand its team and hiring to drive the development of advanced space technology.

It also aims to ramp up its R&D efforts, focused on innovations in space infrastructure, including setting up of plug-and-play rocket engine testing facilities across India.

Founded in 2020, Abyom claims to be developing reusable rockets and RLVs t...