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Satlabs Space Systems raises $1 Mn from Finvolve and IA

EntrackrEntrackr ยท 4h ago
Satlabs Space Systems raises $1 Mn from Finvolve and IA
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Snippets: Satlabs Space Systems raises $1 Mn from Finvolve and IA Deep-tech space startup Satlabs Space Systems has raised $1 million in a funding round from Finvolve & India Accelerator (IA). The proceeds will be utilized to accelerate R&D, advance satellite deployment plans, and scale its data relay network, Satlabs Space said in a press release. Co-founded in Feb. 2023 by Sooraj Gopakumar and Saisree Eega, Satlabs addresses a bottleneck in the space ecosystem that delays in downlinking earth observation data due to limited ground station coverage. The startup's data relay solution aims to reduce latency from hours to minutes, and eventually near real time, enabling critical applications across defence, agriculture, disaster response, offshore energy, and industrial IoT. According to the Bengaluru-based startup, it is currently progressing toward the launch of its proof-of-concept relay satellite, with plans for phased constellation deployment over the coming years. The company's technology roadmap also extends into non-terrestrial industrial IoT connectivity, enabling real-time communication in regions beyond terrestrial network coverage. Satlabs aims to build cost-efficient, scalable, and globally compatible satellite communication infrastructure, while strengthening Indiaโ€™s position in the rapidly evolving space-tech ecosystem. The startup strives to make real-time satellite data accessible, reliable, and scalable across the globe. The startup asserts that it is developing a constellation of low-cost data relay satellites designed to act as "floating ground stations" enabling faster, continuous communication between satellites and end users. India Accelerator (IA) is a seed-stage startup accelerator and alongside its accelerator programs, it actively invests in early-stage startups through its joint venture Finvolve, three AIFs, and a GIFT City Fund. The platform provides founders with capital, mentorship, and market access, enabling scalable and sustainable growth.

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Defence-tech startup Ammunic Systems raises $1.1 Mn in seed round

EntrackrEntrackr ยท 6m ago
Defence-tech startup Ammunic Systems raises $1.1 Mn in seed round
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Defence-tech startup Ammunic Systems raises $1.1 Mn in seed round The proceeds will be channeled towards scaling existing products and building new indigenous defence technologies, Ammunic Systems said in a press release. Defence tech startup Ammunic Systems has raised $1.1 million in a seed funding round co-led by India Accelerator and its multistage VC arm Finvolve. The proceeds will be channeled towards scaling existing products and building new indigenous defence technologies, Ammunic Systems said in a press release. Launched in September 2024, Ammunic Systems is a defence R&D firm focused on the design and development of weapon systems with core competence in advanced electronic fuzes, warheads, and munition integration technologies. The startup aspires to become a next-generation defence and aerospace innovator. The Bengaluru-based startup aims to empower defense with precision and safety and to pioneer tomorrow's warheads for global security. It is committed to providing services that exceed client expectations and help them achieve their business goals. It focuses on research, design, development, and production of new generation weapon systems for current and future warfare. Priyanka Singhal, founder of Ammunic Systems, said, โ€œThis investment from India Accelerator is not just capital; it is a vote of confidence in a mission we have poured our hearts into. At Ammunic Systems, we are not just building defence technologies; we are building belief โ€” that India can lead from the front in securing its own future." India Accelerator and Finvolve boast a strong portfolio of defence tech companies including IG Drones, Indrajaal, Zulu Defence, and others.

Tsalla Aerospace raises $1 Mn in maiden funding round

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Tsalla Aerospace raises $1 Mn in maiden funding round
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Snippets Tsalla Aerospace raises $1 Mn in maiden funding round Tsalla Aerospace has raised $1 million in its first external funding round led by Sunny Stalnaker, executive VP at ASML, with additional support from SIDBI and equity-free grants from the Ministry of Defenceโ€™s Innovations for Defence Excellence (iDEX) programme. The proceeds will be used to expand its autonomous systems platform and scale deployment for defence and industrial use cases. Founded in 2019 and incubated at the Indian Institute of Science (IISc), Tsalla Aerospace builds an AI-based autonomy stack for drones and unmanned systems. Its AI Pilot enables unmanned platforms to operate without GPS or communication support and aims to function with zero operator intervention. Tsalla works with the Indian Navy and Indian Army on multiple projects. These include confined-space reconnaissance systems, backpack-based VTOL platforms designed for single-person operation, and logistics use cases such as ship-to-ship delivery in difficult weather conditions. Tsalla competes with domestic defence and autonomy companies such as ideaForge, NewSpace Research & Tech, Sagar Defence, CRON Systems, and global dual-use autonomy developers. According to the company, it also plans to raise $8 million in a seed round to expand its autonomy stack, grow deployments in India and international markets, and enter new defence and industrial segments.

Spacetech startup Digantara raises $50 Mn in Series B round

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Spacetech startup Digantara raises $50 Mn in Series B round
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Spacetech startup Digantara raises $50 Mn in Series B round Digantara, a space surveillance and intelligence platform, has closed its Series B fundraise of $50 million from a mix of new strategic and financial investors, including 360 ONE Asset, SBI Investments Co Japan, and Ronnie Screwvala, with continued participation from existing investors Peak XV Partners and Kalaari Capital. The fresh capital will support global expansion beyond India and the United States, the establishment of new manufacturing facilities for optical systems and satellite production, and the scaling of R&D teams worldwide. The company also plans to deploy 15 space surveillance satellites and two missile-warning satellites during 2026โ€“27. Founded in December 2018 by Anirudh Sharma, Digantara is a space situational awareness company that develops space- and ground-based infrastructure to support safe and secure space operations. It provides data-driven orbital insights to governments, defence agencies, and commercial stakeholders globally. Its integrated platform, AIRA, combines sensing hardware, data processing, and analytics across space and terrestrial systems to enable surveillance and threat monitoring. The infrastructure includes the SCOT constellation for space surveillance, the ALBATROSS series for missile warning and tracking, and SKYGATE, a network of ground-based sensors. These systems are scheduled for phased deployment through 2026โ€“27. Digantara operates across India, Singapore, and the United States, and plans to expand into Europe by mid-2026 to strengthen its space and defence monitoring capabilities. In February 2024, the Aditya Birla Group and SIDBI Venture Capital acquired minority stakes in Digantara. Prior to this, the company had raised $10 million in a Series A round. According to TheKredible, the companyโ€™s shareholding details reflect these investments. Several space-tech startups have raised capital over the past 12 months, including Inspecity, Manastu Space, Sisir Radar, OrbitAid, Pixxel, Ulook, and Akashalabdhi. Other players in the segment include Agnikul Cosmos, Skyroot Aerospace, Bellatrix, GlaxEye, Dhruva, SatSure, and Vesta Space.

Olee.space raises $3 Mn in seed round

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Olee.space raises $3 Mn in seed round
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Olee.space, a laser-based communication and photonics defense system, has secured $3 million in a seed funding round from Rockstud Capital and other global investors. The fresh funds will be allocated towards scaling production, advancing its quantum-secure communication protocols, and expanding its defense tech roadmap, Olee.space said in a press release. Co-founded in 2023 by James Solomon and Suman Hiremath, Olee.space is a photonics and defense technology company that builds next-generation systems in Free-Space Optical Communication (FSOC), quantum-encrypted networking, and directed energy weapons. Its advanced solutions include resilient systems for terrestrial, inter-satellite, and ground-to-space links, designed for low latency, maximum security, and optimized data throughput. As per the Pune-based startup, Free-Space Optical Communication (FSOC) uses low-powered infrared laser beams to deliver ultra-fast, secure data links across land, air, sea, and space. Olee.spaceโ€™s DEW platform, which is under development for anti-drone/UAV and anti-satellite operations, is designed to deliver precision tracking, real-time targeting, and neutralization of aerial threats. โ€œI have always been fascinated by how lasers function. Working with light gives me happiness and I am here to do as much justice to this domain as any of my able team members. What we do here is rewarding to the country, and would continue doing so,โ€ said James Solomon, founder and CEO of Olee.

VFlowTech raises $20.5 Mn led by Granite Asia

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VFlowTech raises $20.5 Mn led by Granite Asia
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VFlowTech, a provider of vanadium redox flow battery (VRFB) systems, has raised $20.5 million led by Granite Asia. The round also saw participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and existing investors ฤฐnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. The proceeds will be used to scale VFlowTechโ€™s 100 MWh manufacturing plant in India to a Gigafactory and to deploy VRFB systems across microgrids, commercial and industrial energy users, and utility-scale projects. Founded in 2018 by Avishek Kumar, VFlowTech has deployed its VRFB systems in over 10 countries and is now in talks with Indian renewable energy developers to deploy up to 1 GWh of VRFB systems in the next few years. According to market research, Indiaโ€™s Ministry of New and Renewable Energy (MNRE) reported a 29.52 GW increase in renewable capacity in FY 2024-25, bringing total capacity to 220.10 GW. With a target of 500 GW of non-fossil fuel capacity by 2030, VFlowTech aims to contribute through long-duration energy storage and AI-integrated systems. The firm will also invest in developing an AI-driven cloud energy management platform to optimize energy use and provide grid ancillary services.

Trishul Space raises Rs 4 Cr in pre-seed round led by IAN Angel Fund

EntrackrEntrackr ยท 2m ago
Trishul Space raises Rs 4 Cr in pre-seed round led by IAN Angel Fund
Medial

Rocket propulsion startup Trishul Space has raised Rs 4 crore ($480K) in a pre-seed funding round led by IAN Angel Fund, with participation from 8X Ventures and ITEL. The proceeds will support research, development, and testing of turbopump technology for Harpy-1, the companyโ€™s liquid rocket engine designed for small satellite launch vehicles. Founded by Aditya Singh, Divyam, and Rajat Choudhary, Trishul Space builds liquid rocket engines using staged combustion cycles and AI-based failure detection. The company wants to reduce the time, cost, and complexity of building propulsion systems, offering ready-to-use engines for both private and government launch vehicle manufacturers. Trishul Space is addressing a key bottleneck in the space industry where propulsion development is slow, expensive, and resource-heavy. Its goal is to provide modular propulsion systems that enable new launch companies to build faster without starting from scratch. The firm is headquartered in Prayagraj, Uttar Pradesh, and operates from IIT Delhiโ€™s R&I Park, serving government and private launch vehicle manufacturers. Trishul Space is targeting the global market for small and medium launch vehicles, projected to exceed $15 billion by 2030, where propulsion systems contribute 30โ€“40% of launch costs.

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