DMD Advocates Advised D-Propulse Aerospace On Investment From IAN Alpha Fund
DMD Advocates advised D-Propulse Aerospace on INR 25 crore funding from IAN Alpha Fund for RDE technology expansion.
DMD Advocates advised D-Propulse Aerospace on investment from IAN Alpha Fund
The leading law firm in India, DMD Advocates advised D-Propulse Aerospace, a deep-tech startup, on raising INR 25 crore from the early-stage investment platform IAN Group’s IAN Alpha Fund. The funding will be utilised to expand the company’s engineering team, strengthen its computing and simulation capabilities, and set up limited testing infrastructure.
D-Propulse Aerospace is focused on developing next-generation high-speed propulsion systems for defence and civilian applications using its proprietary Rotating Detonation Engine (RDE) technology. Unlike conventional jet engines, RDE technology uses continuous detonation waves instead of traditional combustion, representing a significant innovation in propulsion systems.
DMD Advocates was involved in resolving legal due diligence findings, as well as drafting and negotiating the transaction documents.
The transaction DMD Advocates team was led by Saiyam Chaturvedi (Partner), with support from Divay Rastogi (Counsel), Srishti Pandey (Associate), Aditi Kumari (Associate), and Tarush Bhandari (Associate).
DMD Advocates is a leading full-service law firm in India with a focus on solutions through a unique holistic approach that blends its expertise and decades of experience in core practice areas – litigation & arbitration, taxation, corporate, regulatory, competition, and intellectual property rights. We have a team of more than 100 lawyers, including 30 partners/directors, and a pan-India presence, with principal offices in New Delhi & Mumbai and associate offices in Ahmedabad, Bangalore, Chennai, Cochin, Kolkata, and Bhubaneswar.
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