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Manastu Space developing green propulsion systems raises $3M led by IAN

IndianStartupNews

IndianStartupNews · 2y ago

Manastu Space developing green propulsion systems raises $3M led by IAN

Spacetech startup Manastu Space has raised $3 million in a pre-Series A funding round led by Indian Angel Network (IAN). The company is developing an environmentally friendly micro satellite thruster and fuel combination, aiming to validate its technology during a test flight in the coming year. Manastu Space also plans to design a fuel station in space to provide in-orbit refueling services for satellites. The funding will be used to further develop green propulsion systems for satellites and implement an autonomous collision avoidance system. Partnerships have already been established, including with the Indian Defense and Latitude, a French startup.

Related News

Spacetech startup Manastu Space raises $3M in a pre-Series A round led by Capital 2B, others

IndianStartupNews

IndianStartupNews · 2y ago

Spacetech startup Manastu Space raises $3M in a pre-Series A round led by Capital 2B, others

Manastu Space, a Mumbai-based spacetech startup, has secured $3 million in a pre-Series A funding round led by Capital 2B, BIG Capital, and E2MC. Other participants include Baring India, Wealthy, Roots Ventures, Riceberg Ventures, Atomberg's founders, Spectrum Impact, and the family office of Aarti Industries. The funds will be used to develop its Green Propulsion and Debris Collision Avoidance System, which enhances satellite safety by helping them avoid collisions with debris and supporting the final-stage testing of the new propulsion system in orbit. Manastu Space specializes in creating propulsion systems for satellites.

Manastu Space raises $3 million in round led by Capital-A - The Economic Times

Economic Times

Economic Times · 2m ago

Manastu Space raises $3 million in round led by Capital-A - The Economic Times

Manastu Space, a Mumbai-based spacetech startup, raised $3 million in a funding round led by Capital-A, with participation from investors like Capital 2B and Indian Angel Network. The funds will support the commercial deployment of their green propulsion and debris-avoidance solutions, aiming to achieve Technology Readiness Level 9. Founded by Tushar Jadhav and Ashtesh Kumar, Manastu Space plans to expand internationally and has contracts with clients like DRDO. The startup's technology positions it advantageously in the growing space sector.

Mumbai-based startup Manastu tests its green propulsion system in space

Economic Times

Economic Times · 10m ago

Mumbai-based startup Manastu tests its green propulsion system in space

Mumbai-based startup Manastu Space successfully tested its green propulsion system, Vyom 2U, onboard the PSLV Orbital Experimental Module-4 (POEM). The test involved a 30-second thruster firing, tilting the platform by 24 degrees, and imparting angular velocity. This marks a notable advancement as the propellant used is a safer alternative to traditional hydrazine-based fuels. The POEM platform, provided by ISRO, facilitates various in-orbit experiments, reducing entry barriers for startups and institutions in the space sector.

Thrustworks Dynetics raises seed round led by Jamwant Ventures

Entrackr

Entrackr · 21d ago

Thrustworks Dynetics raises seed round led by Jamwant Ventures

Thrustworks Dynetics, a propulsion systems company that designs and develops advanced rocket engine systems and subsystems for commercialization, has raised Rs 7 crore in a seed funding round led by Jamwant Ventures along with participation from Piper Serica, SINE-IIT Bombay, and other investors. The proceeds will be utilized to scale the Integrated Rocket Facility, enhance R&D in advanced propulsion systems, and expand testing capabilities to meet the growing global demand for commercial space access, Thrustworks Dynetics said in a press release. Co-founded in 2023 by Manan Joshi, Kalyani Shinde, and Vinith Shenoy, Thrustworks Dynetics designs and develops liquid rocket engine systems and subsystems along with its software and test infrastructure. According to the Pune-based company, it is developing ANYA, a liquid rocket engine platform, along with proprietary software and testing infrastructure. It has built a Mobile Rocket Engine Test Bed, enabling rapid and flexible hot-fire testing capabilities. Incubated at SINE-IIT Bombay, Thrustworks Dynetics aims to empower propulsion technology by building modular, scalable, and high-performance engines, along with Micro-combustors and High Thrust High Impulse (HTHI) Engines. The startup plans to set up an integrated rocket facility that will bring together design, manufacturing, and testing under one roof—ensuring faster development cycles and operational agility. Thrustworks Dynetics says that it is collaborating with leading space and aerospace stakeholders such as ISRO, IN-SPACe, Bharat Forge, Godrej Aerospace, and INOXCVA. It competes with other players in this space such as Ursa Major.

Former ISRO scientists' startup Orbitt Space raises $1 million from Pi Ventures, IIMA Ventures

Economic Times

Economic Times · 5m ago

Former ISRO scientists' startup Orbitt Space raises $1 million from Pi Ventures, IIMA Ventures

Orbitt Space, a startup created by former ISRO scientists Christopher Parmar and Anupam Kumar, has secured $1 million in pre-seed funding. The funding, led by Pi Ventures and IIMA Ventures, will support the development of Orbitt's electric propulsion technology and avionics systems, targeting ultra low earth orbit (ULEO). Their innovative propulsion system uses atmospheric gases as a propellant, potentially enhancing satellite maneuvers and reducing costs, with plans for in-orbit demonstrations and future commercial rollout.

IN-SPACe link to experiments by startups in space

Economic Times

Economic Times · 10m ago

IN-SPACe link to experiments by startups in space

India's PSLV rocket will host 24 experiments from ISRO and non-government entities (NGEs), offering startups an opportunity to conduct space research. Supported by IN-SPACe, these include seed germination experiments, green propulsion systems, and AI labs. The Ahmedabad-based center provides technical assistance, testing facilities, and mentorship. Highlights include studies from Amity University, Bellatrix Aerospace, and GalaxEye Space Solutions, fostering innovation and collaboration in India's space sector.

Nautical Wings Aerospace raises funding from Venture Catalysts

Inshorts · 1y ago

Nautical Wings Aerospace raises funding from Venture Catalysts

Bengaluru-based Nautical Wings Aerospace has raised an undisclosed amount in a pre-Series A funding round led by Venture Catalysts and 1Crowd. Founded in 2020, Nautical Wings Aerospace specializes in delivering state-of-the-art, tailored propulsion solutions to OEMs on a global scale. The startup is developing its flagship product, the Integrated Electric Propulsion Unit (iEPU).

Deeptech startup SpaceFields raises $5 million from Globaz Technologies, others - The Economic Times

Economic Times

Economic Times · 1m ago

Deeptech startup SpaceFields raises $5 million from Globaz Technologies, others - The Economic Times

Bengaluru-based deeptech startup SpaceFields has raised $5 million in a funding round co-led by Globaz Technologies, Rockstud Capital, and Venture Catalysts. The funds will be used to scale manufacturing, secure regulatory certifications, and enhance engineering and operations teams. Founded in 2021, SpaceFields specializes in rocket propulsion systems for aerospace, defense, and space applications, holding ten patents. The startup aims to support the armed forces and contribute to the new space economy.

Nabhdrishti Aerospace raises $3 Mn led by Accel

Entrackr

Entrackr · 7m ago

Nabhdrishti Aerospace raises $3 Mn led by Accel

Nabhdrishti Aerospace raises $3 Mn led by Accel Aerospace startup Nabhdrishti Aerospace has raised $3 million (around Rs 25 crore) in a funding round led by Accel, along with participation from IIMA Ventures and its existing investors. The proceeds will be used to boost the development and testing of its engine prototypes, as well as talent acquisition, Nabhdrishti Aerospace said in a press release. Co-founded in 2023 by Chouhan, Arjun Srivatsa, and Antanu Sadhu, Nabhdrishti Aerospace is building small gas turbines that will cater to hybrid urban air mobility, unmanned aerial vehicles (UAVs), and decentralized power generation appliances. The company claims its engine serves a dual purpose — propulsion and power. It can cater to hospitals, heavy vehicles, manufacturing segments, as well as light aircraft, helicopters, and hybrid electric flights. According to the Bengaluru-based company, it is developing cutting-edge technologies designed to run on sustainable fuels, including green hydrogen, to power everything from UAVs to next-generation air mobility platforms. Nabhdrishti Aerospace focuses on building sustainable, indigenous propulsion systems to reduce India’s reliance on imported aerospace technology. It aims to generate early revenue while expanding its team, with new hires expected across engineering, production, and customer support by the end of the year. Over the next few years, the company plans to steadily scale its workforce to support its growing product portfolio and customer base. Other notable startups in this space include Garuda Aerospace, Bellatrix Aerospace, and Agnikul.

IIT Delhi-incubated deeptech startup Green Aero secures 1.6 million from pi Ventures - The Economic Times

Economic Times

Economic Times · 3m ago

IIT Delhi-incubated deeptech startup Green Aero secures 1.6 million from pi Ventures - The Economic Times

Green Aero, a deeptech startup incubated at IIT Delhi, raised $1.6 million in seed funding led by pi Ventures, with Antler participating, to develop next-generation propulsion systems for defense and hydrogen-powered aviation. The funds will support R&D, in-house testing, and team expansion. The startup plans to commercialize its first small-category engine within 12 months and aims to advance indigenous propulsion technologies for aerospace, naval, and civil aircraft, marking a significant step in India’s aerospace innovation.

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