Aule Space Nets $2 Mn To Develop In-Orbit Satellite Servicing Tech

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SUMMARY

Aule Space has raised $2 Mn (about INR 18 Cr) in a pre-seed funding round led by deeptech focussed VC firm pi Ventures, with participation from angel investors including Tonbo Imaging CEO Arvind Lakshmikumar and Intelsat’s former board member Eash Sundaram

The startup plans to expand its engineering team, build ground-based docking and testing infrastructure and develop its first demonstration satellite, which is scheduled for launch next year

Notably, the startup is initially…



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Aule Space Nets $2 Mn To Develop In-Orbit Satellite Servicing Tech


SUMMARY

Aule Space has raised $2 Mn (about INR 18 Cr) in a pre-seed funding round led by deeptech focussed VC firm pi Ventures, with participation from angel investors including Tonbo Imaging CEO Arvind Lakshmikumar and Intelsat’s former board member Eash Sundaram

The startup plans to expand its engineering team, build ground-based docking and testing infrastructure and develop its first demonstration satellite, which is scheduled for launch next year

Notably, the startup is initially…



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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