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

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Mumbai-based spacetech startup Manastu Space has raised $3 million in a round led by a venture capital (VC) firm, Capital-A. Existing investors such as Capital 2B, Indian Angel Network (IAN), E2MC, the Bhagnani Family Office, and Jeet Chandan, among others, also participated in the round.

The company plans to use the fresh funding to enable commercial deployment of its green propulsion and debris-avoidance solutions. Manastu Space test-fired its green propulsion system VYOM 2U onboard PSLV C-60 in space in December last year. The green propulsion…



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



Mumbai-based spacetech startup Manastu Space has raised $3 million in a round led by a venture capital (VC) firm, Capital-A. Existing investors such as Capital 2B, Indian Angel Network (IAN), E2MC, the Bhagnani Family Office, and Jeet Chandan, among others, also participated in the round.

The company plans to use the fresh funding to enable commercial deployment of its green propulsion and debris-avoidance solutions. Manastu Space test-fired its green propulsion system VYOM 2U onboard PSLV C-60 in space in December last year. The green propulsion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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