NewSpace Research and Technologies Pvt Ltd (NRT)
NewSpace Research and Technologies (NRT) is a Bengaluru-based aerospace & defence R&D company founded in 2018 by Sameer Joshi (ex-IAF fighter pilot, CEO) and Julius Amrit (COO). India's fastest-growin
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At a Glance
- Headquarters
- Bengaluru, Karnataka, India (Sahakar Nagar, Byatarayanapura)
- Type
- Manufacturer (listed)
- Founded
- 2018 (by Sameer Joshi (CEO & Director, ex-IAF fighter pilot) and Julius Amrit (COO & Director))
- India entity
- null
- Listed
- Not listed — private startup; total funding $73.2M (per Tracxn Aug 2026)
- Key India role
- NewSpace Research and Technologies (NRT) is a Bengaluru-based aerospace & defence R&D company founded in 2018 by Sameer Joshi (ex-IAF fighter pilot, CEO) and Julius Amrit (COO). India's fastest-growin
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What It Is
NewSpace Research and Technologies (NRT) is a Bengaluru-based aerospace & defence R&D company founded in 2018 by Sameer Joshi (ex-IAF fighter pilot, CEO) and Julius Amrit (COO). India's fastest-growing A&D R&D company focused on Unmanned Aerospace Systems. Flagship product: High Altitude Pseudo-Satellite (HAPS) — solar-powered UAVs flying at 60,000-90,000 ft for extended durations (3+ months). HAPS prototype achieved 27+ hour flight at 26,000 ft (May 2024 milestone). Indian MoD signed NRT for HAPS development (Mar 2022) under Innovation for Defence Excellence (iDEX); Indian Navy contracted NRT for indigenous HAPS for maritime surveillance (Mar 2024) — full-scale HAPS with 450 kg MTOW, 35 kg payload, 3+ month endurance. NRT platforms operate from 5 km to 20 km altitude with varied endurance. Indian Army awarded $15M UAV contract to NRT (first-of-its-kind procurement). Total funding $73.2M from investors including Hda Tech Growth, Trifecta Capital, Pavestone Capital, SBI Start-Up Branch, Volrado Venture Partners.
Deployments & Procurement
8 documented India deployment(s)/procurement(s).
| Agency | Context | Year | Quantity / Note | Sources |
|---|---|---|---|---|
| Multiple | HAPS prototype completed over 27-hour flight at 26,000 ft (May 2024 milestone) | 2024 | — | [1][2][3] |
| Multiple | Indian MoD signed NRT for pseudo-satellite development (Mar 2022) under iDEX — for surveillance operations | 2022 | — | [1][2][3] |
| Multiple | Indian Navy contracted NRT to design & develop indigenous HAPS for maritime surveillance (Mar 2024) — full-scale HAPS with 450 kg MTOW, 35 kg payload, 3+ month endurance | 2024 | — | [1][2][3] |
| Multiple | Indian Army awarded NRT $15 million UAV contract (first-of-its-kind procurement) | — | [1][2][3] | |
| Multiple | Total funding $73.2M from Hda Tech Growth, Trifecta Capital, Pavestone Capital, SBI Start-Up Branch, Volrado Venture Partners | — | [1][2][3] | |
| Multiple | Pavestone Capital $21M Early VC round Dec 2022; Valuation $105M | 2022 | — | [1][2][3] |
| Multiple | Rs 115 crore ($13.3M) debt funding led by Lend Lease Company (India) Ltd | — | [1][2][3] | |
| Multiple | NRT platforms operate from 5 km to 20 km with varied endurance (days to months) | — | [1][2][3] |
Import Dependencies
Not analysed in this dossier.
Intelligence Assessment
Methodology: /research/methodology/
FAQ
What is NRT's flagship product?
High Altitude Pseudo-Satellite (HAPS) — solar-powered UAV flying at 60,000-90,000 ft with 3+ month endurance; prototype completed 27+ hour flight at 26,000 ft in May 2024
What are NRT's major Indian defence contracts?
MoD HAPS development contract (Mar 2022 under iDEX); Indian Navy HAPS for maritime surveillance (Mar 2024); Indian Army $15M UAV contract (first-of-its-kind procurement)
Sources
- src-01IndicativeNRT — India's fastest growing Aerospace & Defence R&D company; vision to be leader in Unmanned Aerospace Systems for global market
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