News
DMD Advocates Advises D-Propulse Aerospace on Investment from Early-Stage Investment Platform IAN Alpha Fund
29 Jan 2026
- DMD Advocates
- Deal Reporting
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 used to expand the company’s engineering team, strengthen its computing and simulation capabilities, and set up limited testing infrastructure.
The 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.
DMD 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).
