ThrustWorks Dynetics
ThrustWorks Dynetics is a Pune-based aerospace startup founded in 2023 that designs and commercialises liquid Kerolox rocket engines, notably the reusable 3D-printed ANYA engine, plus propulsion subsystems for Indian space startups, space agencies, and defense customers.
- Company typePrivate
- Founded2023
- HeadquartersPune, India
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What ThrustWorks Dynetics does
ThrustWorks Dynetics is a Pune-based aerospace propulsion company founded on February 22, 2023, that designs and develops liquid rocket propulsion systems and subsystems for commercialisation. The company's flagship product is the ANYA Engine, a reusable 3D-printed Kerosene-Liquid Oxygen (Kerolox) rocket engine delivering 20 kN of thrust at a thrust-to-weight ratio greater than 100 and customisable between 19 kN and 30 kN. The portfolio also includes coaxial swirler injectors, resonance ignitors, single-shaft turbopumps, high-temperature/high-pressure seals, and proprietary Inconel alloy components for combustors and nozzles.
The underlying technology combines single-metal additive manufacturing with new-generation cooling techniques and an in-house design toolset that integrates physics-based models with machine learning trained on proprietary hot-fire and cold-flow test data. The company operates its own cold-flow and hot-fire test stands built using process-engineering industry know-how, supporting an in-house development cycle from Preliminary Design Report through Critical Design Report to first tested prototype. The team is led by co-founders Manan Joshi (CEO), Kalyani Shinde (CTO), and Vinith Shenoy (COO), supported by a bench of retired ISRO propulsion scientists and senior aerospace industry advisors.
ThrustWorks Dynetics sells custom rocket engine solutions and subsystems to Indian space startups and government space agencies, complemented by consultation services. It also pursues a licensing model for subsystems repurposed into non-aerospace applications such as green hydrogen. The company is incubated at SINE IIT Bombay and holds an MOU with INSPACe for ISRO technical support. It currently operates with 1-10 employees, is actively hiring across seven roles in Pune, and has raised approximately $788,796 in a Jamwant Ventures-led round in October 2025.
ThrustWorks Dynetics firmographics
Firmographics- Name
- ThrustWorks Dynetics
- Legal name
- Thrustworks Dynetics
- Website
- https://thrustworksdynetics.in
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ThrustWorks Dynetics is a Pune-based aerospace startup founded in 2023 that designs and commercialises liquid Kerolox rocket engines, notably the reusable 3D-printed ANYA engine, plus propulsion subsystems for Indian space startups, space agencies, and defense customers.
- Ownership category
- akta.pro rank
ThrustWorks Dynetics industry classification
Industry- Product category
- Rocket Propulsion Systems
- NAICS
- Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419)
- SIC
- Guided Missiles & Space Vehicles & Parts (3760)
- akta.pro primary industry
- Rocket Engines (Liquid) (IMABADAE)
- akta.pro secondary industries
- Engine Control, Fuel & Ignition Systems (FADEC/Accessories) (IMABADAK), Military Aerospace Engines & Propulsion (IMABAMAD)
Keywords
Where ThrustWorks Dynetics is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
ThrustWorks Dynetics business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Infrastructure, Personnel, Operations, Supply Chain
Revenue model
- Rocket Engine and Subsystem Sales: Developing and selling rocket engine solutions and subsystems to customers ranging from startups to established space agencies. Solutions are customized to meet unique customer requirements.
- Consultation Services: Consultation services to help customers better utilize propulsion systems and achieve their larger goals.
- Licensing Model for Non-Aerospace Applications: Customizing subsystems for non-aerospace applications on a licensing model, bringing space-grade technology to various industries.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
ThrustWorks Dynetics product offering
Product offeringCore offering
ThrustWorks Dynetics designs and develops liquid rocket propulsion systems and subsystems for commercialisation. Its flagship product is the ANYA Engine, a reusable 3D printed 20 kN Kerolox rocket engine with thrust-to-weight ratio greater than 100, customisable from 19 kN to 30 kN. The company also offers a portfolio of subsystems (injectors, ignitors, turbopumps, seals, Inconel alloy components) and consultation services to help customers utilise propulsion systems.
Product overview
ThrustWorks Dynetics is a propulsion-focused company that designs and develops liquid rocket propulsion systems and subsystems for commercialisation. The core product is the ANYA Engine, a reusable 3D printed kerolox rocket engine with thrust configurable between 19-30 kN. The company also offers a portfolio of subsystems including Coaxial Swirler Injectors, Resonance Ignitors, Single Shaft Turbopump, High Temperature and High Pressure Seals, and High Conductivity Inconel Alloy components. These subsystems can be customised to customer requirements and are available for both aerospace and non-aerospace applications on a licensing model. The company follows a business model of developing and selling rocket engine solutions to customers ranging from startups to established space agencies, complemented by consultation services.
Differentiator
Problem solved
Functional benefit
Brands
- ANYA Engine: Reusable 3D printed 20 kN Kerolox rocket engine, customisable from 19kN to 30 kN thrust, featuring single metal 3D printing and new generation cooling technology.
Products and services
- ANYA Engine A reusable 3D printed liquid rocket engine using kerosene and liquid oxygen (Kerolox) propellant, delivering 20,000 N thrust with thrust-to-weight ratio greater than 100. Customisable from 19 kN to 30 kN, it features single metal 3D printing and new generation cooling technology. Applications include orbital, suborbital, and hypersonic/defence launch vehicles. Targeted at space startups and established space agencies that need affordable, customisable propulsion without in-house development.
- Coaxial Swirler Injectors Custom-designed injector components for liquid rocket systems, engineered for integration into propulsion systems. Available for aerospace customers and licensed for non-aerospace applications.
- Resonance Ignitors Ignition systems designed for reaction control thrusters and solid/liquid propellant applications. Sold/licensed as standalone subsystems for propulsion system integrators.
- Single Shaft Turbopump Turbopump system for liquid propulsion applications and green hydrogen systems. Available for aerospace and licensed for non-aerospace industrial use.
- High Temperature and High Pressure Seal Advanced sealing solutions designed for demanding propulsion applications. Sold/licensed as a standalone subsystem for aerospace and industrial fluid systems.
- High Conductivity Inconel Alloy Components Specialised Inconel alloy materials and components for combustors and nozzles designed to withstand cyclic heating and cooling cycles. Available for aerospace applications and licensed to non-aerospace industries.
- Consultation Services Technical consultation services to help customers better utilise propulsion systems and achieve their operational goals. Offered alongside engine and subsystem sales to enterprise customers.
Quantifiable outcome
- Preliminary Design Report (PDR) delivered in Days
- +4 more outcomes
Companies that use ThrustWorks Dynetics
Customer profileSegments4 records
Ideal customer profiles4 records
ThrustWorks Dynetics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
ThrustWorks Dynetics partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Bharat Forge AerospacecoreBharat Forge's Aerospace Department supervised Project One, the R&D project that preceded ThrustWorks Dynetics. The project was supported by Bharat Forge Aerospace where the team made significant progress and identified gaps in the global liquid rocket engine market. This partnership provided initial infrastructure and mentorship for propulsion technology development.
- SINE IIT BombaycoreThrustWorks Dynetics is incubated at SINE (Society for Innovation and Entrepreneurship) IIT Bombay, which offers infrastructure, mentoring, seed funding, and access to IIT Bombay's vast resources including laboratories and libraries. This incubation provides critical resources for early-stage development.
- INSPACecoreThrustWorks Dynetics signed an MOU with INSPACe (Indian National Space Promotion and Authorization Centre) to receive support from ISRO for reviews, testing support, and technology transfer for the development of the ANYA Engine. This partnership provides access to government testing infrastructure and ISRO expertise.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
ThrustWorks Dynetics competitors and assessment
Company assessmentDirect peers
- Skyroot Aerospace: Indian private launch vehicle company headquartered in Hyderabad that develops rocket propulsion and launch systems for small satellite customers. Directly comparable as a homegrown Indian space startup addressing the same emerging-launch market with custom propulsion technology.
- Agnikul Cosmos: Chennai-based Indian launch startup building semi-cryogenic and solid propulsion systems for its Agnibaan rocket. Competes for the same pool of Indian space startups and government customers seeking commercial propulsion alternatives.
- Bellatrix Aerospace: Bengaluru-based Indian propulsion startup developing electric, green, and non-toxic chemical propulsion systems. Targets a similar Indian commercial customer base with custom-built propulsion subsystems rather than full launch vehicles.
Emerging players
- Relativity Space: US-based launch company pioneering large-scale 3D-printed rocket engines (Aeon series). Highly comparable on the 3D-printed, reusable liquid propulsion architecture that ThrustWorks applies with its ANYA engine, though at much larger scale and with significantly more capital.
- Ursa Major Technologies: US propulsion startup offering Hadley and Ripley engines plus propulsion subsystems to commercial and defense launch customers. Comparable as a propulsion-only company selling engines/subsystems to other launch startups, mirroring ThrustWorks' core GTM model.
- Launcher Space: US-based propulsion startup developing the E-2 engine for small launch vehicles and orbital transfer vehicles. Directly comparable as a young propulsion-focused company selling kerolox-class engines to emerging launch customers.
- Astra Space: US small-launch company that developed its own Delano and Rutherford liquid engines before pivoting toward Spacecraft Engine products. Comparable business model of building proprietary engines for a small-satellite launch customer base.
- Dawn Aerospace: New Zealand/Dutch propulsion and spaceplane company developing green bipropellant thrusters and reusable spaceplane propulsion. Comparable as a propulsion-only company with reusable-engine architecture targeting both aerospace and adjacent applications.
Broad incumbents
- Rocket Lab: Established US launch company with its Rutherford (Electron) and Archimedes (Neutron) engines. Overlaps with ThrustWorks on liquid propulsion for small-satellite launch, but operates at much larger scale with broader systems integration.
Others
- Godrej Aerospace: Indian aerospace manufacturer and Tier-1 ISRO supplier of liquid engine subsystems (Vikas and CE20). Relevant as an established Indian propulsion manufacturer and as the prior employer of ThrustWorks' advisor Mr. Surendra Vaidya, making it both a potential supplier/customer and competitive benchmark.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ThrustWorks Dynetics social profiles
Digital presenceThrustWorks Dynetics financial estimates
Financial estimateRevenue estimate
Valuation estimate
ThrustWorks Dynetics leadership team
Management profileNumber of profiles
Profiles11 records
ThrustWorks Dynetics funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ThrustWorks Dynetics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ThrustWorks Dynetics
What does ThrustWorks Dynetics do?
ThrustWorks Dynetics designs and develops liquid rocket propulsion systems and subsystems for commercialisation. Its flagship product is the ANYA Engine, a reusable 3D printed 20 kN Kerolox rocket engine with thrust-to-weight ratio greater than 100, customisable from 19 kN to 30 kN. The company also offers a portfolio of subsystems (injectors, ignitors, turbopumps, seals, Inconel alloy components) and consultation services to help customers utilise propulsion systems.
Is ThrustWorks Dynetics a public or private company?
ThrustWorks Dynetics is a private company. It is classified as venture growth investor backed and is currently operating.
When was ThrustWorks Dynetics founded?
ThrustWorks Dynetics was founded in 2023. It employs 1 to 10 people.
Where is ThrustWorks Dynetics based?
ThrustWorks Dynetics is headquartered in Pune, India, in the Asia region.
How does ThrustWorks Dynetics make money?
Three revenue lines are on record. Rocket Engine and Subsystem Sales are the primary driver. The others are consultation Services and licensing Model for Non-Aerospace Applications.
Who are ThrustWorks Dynetics's main competitors?
Direct peers on record are Skyroot Aerospace, Agnikul Cosmos and Bellatrix Aerospace. Emerging players are Relativity Space, Ursa Major Technologies, Launcher Space, Astra Space and Dawn Aerospace. Rocket Lab is listed as a broad incumbent. Godrej Aerospace is listed as an others.
Does ThrustWorks Dynetics have an API?
No public API is recorded for ThrustWorks Dynetics.
What industry is ThrustWorks Dynetics in?
ThrustWorks Dynetics's product category is Rocket Propulsion Systems. Its primary akta.pro industry code is IMABADAE, Rocket Engines (Liquid), with a secondary code of IMABADAK, Engine Control, Fuel & Ignition Systems (FADEC/Accessories). Its NAICS code is 336415 and its SIC code is 3760.