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Deep-tech startup Aule Space raises $2 Mn in pre-seed round led by pi Ventures

EntrackrEntrackr · 11h ago
Deep-tech startup Aule Space raises $2 Mn in pre-seed round led by pi Ventures
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Deep-tech startup Aule Space has raised $2 million in a pre-seed funding round led by pi Ventures, with participation from angel investors including Eash Sundaram and Arvind Lakshmikumar. The startup has been part of the Entrepreneurs First accelerator programme and is backed by the Transpose Platform. The proceeds will be used to expand the engineering team, build ground infrastructure for docking tests, and advance the development of its first demonstration satellites, set to launch next year. Co-founded in 2024 by Jay Panchal, Nithyaa Giri, and Hrishit Tambi, Aule Space is developing satellites capable of approaching and attaching to other satellites in orbit. This technology aims to extend the life of high-value satellites, inspect space assets, and safely retire non-functional satellites, enhancing sustainable and cost-effective space operations. Aule Space addresses satellite fuel scarcity with its autonomous jetpack satellite, docking with existing GEO satellites to extend operational life by up to six years. The Bengaluru-based startup's upcoming satellites will validate Rendezvous, Proximity Operations, and Docking (RPOD) capabilities. Their technology includes a satellite-agnostic docking mechanism combined with AI-driven algorithms, creating lightweight and cost-efficient RPOD-enabled satellite fleets. Aule Space plans demonstration RPOD satellite launches next year to validate its technology and prepare for commercial deployment. Long-term aspirations include operating a robotic workforce for the space economy. Similar Indian companies include Orbitaid, Inspecity, and Cosmoserve, with global competition from Northrop Grumman, which has completed non-cooperative docking at a cost.

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