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Xovian Aerospace raises $2.5 Mn led by Piper Serica and TurboStart

EntrackrEntrackr · 5m ago
Xovian Aerospace raises $2.5 Mn led by Piper Serica and TurboStart
Medial

Snippets Xovian Aerospace raises $2.5 Mn led by Piper Serica and TurboStart Spacetech startup Xovian Aerospace has raised $2.5 million in a pre-seed funding round led by Piper Serica and TurboStart, with participation from Inflection Point Ventures (IPV) and Eaglewings Ventures. The proceeds will be used to support the development of AI-native radio frequency (RF) satellite infrastructure and enable space trials planned by year-end. Xovian is building a constellation of RF nanosatellites that offer real-time signal intelligence by capturing and decoding dynamic signals unlike traditional satellites that rely solely on optical data. Its platform serves industries such as maritime, aviation, defence, oil & gas, and weather forecasting by providing continuous RF data fused with AI-powered decision intelligence. With pilot discussions underway in Southeast Asia and the Middle East, Xovian’s vertically integrated model offers low-latency, high-fidelity insights, claiming to generate up to six times more data value per dollar than conventional systems. According to data from intelligence platform TheKredible, more than a dozen spacetech startups have collectively raised around $21 million in 2025. The list includes names like OrbitAid, InspeCity, and Sisir Radar, among others.

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

EntrackrEntrackr · 5d ago
Deep-tech startup Aule Space raises $2 Mn in pre-seed round led by pi Ventures
Medial

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.

Spacetech startup OrbitAID raises $1.5 Mn led by Unicorn India Ventures

EntrackrEntrackr · 1y ago
Spacetech startup OrbitAID raises $1.5 Mn led by Unicorn India Ventures
Medial

Chennai-based spacetech startup OrbitAID has raised $1.5 million in its pre-seed round led by Unicorn India Ventures. The round also saw participation from TANSIM (Government of Tamil Nadu). According to OrbitAID, the funds will be used to conduct an in-space demonstration of docking and refueling operations, expand facilities for on-orbit servicing operations, advance SIDRP (Standard Interface Docking and Refuelling Port) to commercial readiness and scale team capabilities. Founded in 2021 by Sakthikumar R, Nikhil Balasubramanian, and Mano Balaji K, OrbitAID focused on advancing sustainable space operations through innovative on-orbit refueling solutions and is actively forging ahead to create a network of fuel stations in space that are strategically positioned in various orbits. The firm has recently tested its patented SIDRP on a zero-gravity flight in Florida successfully. In the last 12 months, the firm claims to have achieved Technology Readiness Level (TRL) 7 for docking and refueling tests and secured significant partnerships and collaborations.

Bellatrix Aerospace to secure fresh funds at flat valuation

EntrackrEntrackr · 8m ago
Bellatrix Aerospace to secure fresh funds at flat valuation
Medial

Spacetech startup Bellatrix Aerospace is set to raise Rs 26 crore (approximately $3 million) in a pre-Series B round from existing investors including Inflexor Ventures, StartupXseed Ventures, Pavestone VC, Survan Partners, and others. Previously, the company raised $8 million in its Series A round led by BASF Venture Capital in June 2022. According to regulatory filings accessed from the Registrar of Companies (RoC), the board at Bellatrix approved a resolution to issue 4,873 pre-Series B compulsorily convertible preference shares (CCPS) at an issue price of Rs 53,450 each to raise the aforementioned amount. The company has already received Rs 10.8 crore and is expected to receive the remaining funds soon. As per Entrackr’s estimates, the company’s valuation stood at Rs 314 crore or $37 million, reflecting flat valuation compared to the previous round. Founded in 2015, Bellatrix Aerospace develops advanced propulsion systems for missions ranging from deploying nanosat constellations to ferrying heavy communication satellites to geostationary orbit. It created the world’s first commercial Microwave Plasma Thruster using water as fuel and secured an order from ISRO. Recently, Bellatrix Aerospace announced the expansion of operations to the US and plans to set up manufacturing facilities in Delaware. According to startup data intelligence platform TheKredible, the Bengaluru-based startup has raised approximately $12.5 million to date from StartupXseed Ventures, Pavestone VC, Inflexor Ventures, and others. For the financial year ended 2024, the spacetech startup reported Rs 2 crore in operating revenue, while incurring Rs 12.35 crore loss during the same period. Bellatrix Aerospace competes with other prominent spacetech startups such as Agnikul, Skyroot Aerospace, Pixxel, Dhruva Space, Digantara, and others. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

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