Entrepreneur News Network

BAAS Technologies Raises ₹5 Crore to Build Indigenous Rocket Engines and Reusable Launch Vehicles

BAAS Technologies funding

Pune-based space technology startup BAAS Technologies has secured ₹5 crore (approximately US$580,000) in a pre-seed funding round led by Inflection Point Ventures (IPV). The investment round also saw participation from SINE IIT Bombay and a group of angel investors. The fresh capital will help the startup strengthen its rocket propulsion technology, expand engineering capabilities, and … Read more

Honeywell to acquire Civitanavi Systems for aerospace navigation solutions

Honeywell announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A.  Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help … Read more