DMD Advocates advises D-Propulse Aerospace on securing investment from IAN Alpha Fund

D-Propulse Aerospace, a deep-tech startup, has raised ₹25 crore from the early-stage investment platform, IAN Group’s IAN Alpha Fund.

DMD Advocates advised D-Propulse on this transaction. The Firm was involved in resolving legal due diligence findings as well as drafting and negotiating the transaction documents.

The transaction was led by Saiyam Chaturvedi (Partner), along with Divay Rastogi (Counsel), Srishti Pandey (Associate), Aditi Kumari (Associate), and Tarush Bhandari (Associate).

D-Propulse is a startup is focused on developing next-generation high-speed propulsion systems for defence and civilian applications using its proprietary Rotating Detonation Engine (RDE) technology. RDE technology represents a departure from conventional jet engines, as it uses continuous detonation waves instead of traditional combustion.

The funding will be used to expand the Company’s engineering team, strengthen its computing and simulation capabilities, and set up limited testing infrastructure.

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