Spacetech ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/startup” target=”_blank”>startup OrbitAID has raised $1.5 million in a pre-seed round led by ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/unicorn-india-ventures” target=”_blank”>Unicorn India Ventures, with participation from the Tamil Nadu Startup and Innovation Mission.The Chennai-based company plans to use the funds to conduct an ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/in-space-demonstration” target=”_blank”>in-space demonstration of docking and refuelling operations and to expand its facilities for ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/on-orbit-servicing” target=”_blank”>on-orbit servicing.

Founded in 2021 by Indian Institute of Science alumni Sakthikumar R, Nikhil Balasubramanian and Mano Balaji K, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/orbitaid” target=”_blank”>OrbitAID aims to extend the lifespan and functionality of satellites. Its flagship product, the Standard Interface Docking and Refuelling Port (SIDRP), is designed to enhance the long-term viability of space infrastructure by improving the accessibility and reliability of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/satellite-refuelling” target=”_blank”>satellite refuelling operations.

OrbitAID is focused on advancing sustainable space operations through on-orbit refuelling solutions, with plans to create a network of strategically positioned fuel stations in various orbits.

“With this funding, we will conduct our in-orbit demonstration in space for docking and refuelling, bringing us closer to revolutionising satellite servicing and ensuring a sustainable future in space,” said Sakthikumar, who is also the CEO of the company.

The funds will also be used to advance SIDRP to commercial readiness. Recently, OrbitAID tested its patented SIDRP on a zero-gravity flight in Florida, validating its technology in simulated space conditions.

The company’s major clients include space and defence agencies, telecommunication providers and satellite operators. In the last 12 months, OrbitAID has achieved Technology Readiness Level (TRL)-7 for docking and refuelling tests, he said.

The company is now aiming to reach TRL-6 for its refuellable propulsion system, which will enhance its readiness for deployment and help secure refuelling contracts from both government and private space companies, ensuring its commercial viability.

TRL is a standardised framework used to assess the maturity of a technology.

This funding comes at a time when the Indian government is actively encouraging private partnerships in the space tech sector. Last year, the Union Cabinet approved a Rs 1,000-crore venture capital fund under the IN-SPACe programme to support around 40 space-focused startups in the country.

“As a deep tech-focused investor, emerging technologies within space tech, drones and IoT are of massive interest to us. We believe highly innovative businesses in space tech will lead India’s journey of global dominance beyond the confines of our planet,” said Bhaskar Majumdar, managing partner, data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/unicorn”>Unicorn India Ventures.

Spacetech ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/startup” target=”_blank”>startup OrbitAID has raised $1.5 million in a pre-seed round led by ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/unicorn-india-ventures” target=”_blank”>Unicorn India Ventures, with participation from the Tamil Nadu Startup and Innovation Mission.The Chennai-based company plans to use the funds to conduct an ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/in-space-demonstration” target=”_blank”>in-space demonstration of docking and refuelling operations and to expand its facilities for ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/on-orbit-servicing” target=”_blank”>on-orbit servicing.

Founded in 2021 by Indian Institute of Science alumni Sakthikumar R, Nikhil Balasubramanian and Mano Balaji K, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/orbitaid” target=”_blank”>OrbitAID aims to extend the lifespan and functionality of satellites. Its flagship product, the Standard Interface Docking and Refuelling Port (SIDRP), is designed to enhance the long-term viability of space infrastructure by improving the accessibility and reliability of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/satellite-refuelling” target=”_blank”>satellite refuelling operations.

OrbitAID is focused on advancing sustainable space operations through on-orbit refuelling solutions, with plans to create a network of strategically positioned fuel stations in various orbits.

“With this funding, we will conduct our in-orbit demonstration in space for docking and refuelling, bringing us closer to revolutionising satellite servicing and ensuring a sustainable future in space,” said Sakthikumar, who is also the CEO of the company.

The funds will also be used to advance SIDRP to commercial readiness. Recently, OrbitAID tested its patented SIDRP on a zero-gravity flight in Florida, validating its technology in simulated space conditions.

The company’s major clients include space and defence agencies, telecommunication providers and satellite operators. In the last 12 months, OrbitAID has achieved Technology Readiness Level (TRL)-7 for docking and refuelling tests, he said.

The company is now aiming to reach TRL-6 for its refuellable propulsion system, which will enhance its readiness for deployment and help secure refuelling contracts from both government and private space companies, ensuring its commercial viability.

TRL is a standardised framework used to assess the maturity of a technology.

This funding comes at a time when the Indian government is actively encouraging private partnerships in the space tech sector. Last year, the Union Cabinet approved a Rs 1,000-crore venture capital fund under the IN-SPACe programme to support around 40 space-focused startups in the country.

“As a deep tech-focused investor, emerging technologies within space tech, drones and IoT are of massive interest to us. We believe highly innovative businesses in space tech will lead India’s journey of global dominance beyond the confines of our planet,” said Bhaskar Majumdar, managing partner, data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/unicorn”>Unicorn India Ventures.