Spacetech startup Aule Space raises $2 million in round led by pi Ventures

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Spacetech startup Aule Space, which is building in-orbit “jetpacks” or power banks for satellites, has raised $2 million in a funding round led by pi Ventures. The round also saw participation from angel investors, including Eash Sundaram, former board member of US-based satellite operator Intelsat, and Arvind Lakshmikumar, CEO of defence imaging firm Tonbo Imaging.

The fresh capital will be used to expand the engineering team, build ground infrastructure for docking tests, and advance the development of Aule’s first demonstration satellites,…



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Spacetech startup Aule Space raises $2 million in round led by pi Ventures



Spacetech startup Aule Space, which is building in-orbit “jetpacks” or power banks for satellites, has raised $2 million in a funding round led by pi Ventures. The round also saw participation from angel investors, including Eash Sundaram, former board member of US-based satellite operator Intelsat, and Arvind Lakshmikumar, CEO of defence imaging firm Tonbo Imaging.

The fresh capital will be used to expand the engineering team, build ground infrastructure for docking tests, and advance the development of Aule’s first demonstration satellites,…



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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