Spacetech

With the data-driven, emerging technology-ready Karnataka IT Policy 2025-2030, state aims to become a global destination for innovation and deep tech, CM Siddaramaiah said.

Ronnie Screwvala earmarks $50 mn to back AI, deeptech, spacetech startups; says he’s looking for his 'next Lenskarts'

In an interview with Moneycontrol, Screwvala said India’s next wave of long-cycle value creation will come from technical founders building in frontier sectors, making this the right moment for concentrated, long-horizon bets.

Satellite communication services likely to begin next year; industry awaits draft space law: IsPA chief AK Bhatt

ISpA’s Lt. Gen. A.K. Bhatt says players like OneWeb, Starlink and Kuiper could go live soon, urges government to share the draft Space Activities Bill with industry before finalising it.

Pixxel-led consortium to build India’s first private Earth observation satellite network under IN-SPACe’s PPP model

PixxelSpace India, Piersight Space, Satsure Analytics, and Dhruva Space will launch 12 advanced EO satellites to boost India’s geospatial capabilities.

No certifying authority, no exemptions: Space startups struggle to claim customs relief

Startups, have requested for appointment of an authority within Department of Space to certify imports relating to commercial space projects

NASA launches satellite on mission to detect water on the moon

A dishwasher-sized NASA satellite was launched into space from Florida on Wednesday (February 26) to identify where water - a precious resource for lunar missions - resides on the moon's surface in places such as the permanently shadowed craters at its poles.A SpaceX Falcon 9 rocket lifted off from the Kennedy Space Center in Cape Canaveral carrying NASA's Lunar Trailblazer orbiter. The Lunar Trailblazer spacecraft was built by Lockheed Martin's LMT.N space division. The satellite was a secondary payload onboard the rocket, with the primary payload being a lunar lander mission led by Intuitive MachinesLUNR.O.

Pixxel raises additional $24 mn, closing Series B round with $60 mn

The Series B extension round added new investors, M&G Catalyst and Glade Brook Capital Partners, who join existing backers Google, Radical Ventures, Lightspeed, and others.

Space tech startup EtherealX raises $5 million, will make reusable rockets

EtherealX aims to develop a fully reusable medium-lift vehicle, offering reusability to help reduce transportation costs and cut launch timeframes, the startup said

IIT-Madras incubated spacetech startup GalaxEye Space raises $6.5 million, to launch satellite next year

The funds will be used to launch GalaxEye’s first satellite the “Drishti Mission” in 2025 and to develop its multi-sensor payload technology, the startup has said

Spacetech startup Agnikul Cosmos calls off maiden rocket launch for a fourth time

The latest launch attempt by Agnikul Cosmos was called off due to issues in the rocket's igniter, people familiar with the matter said.

Space tech startup Pixxel on course to launch 6 satellites, using ISRO, SpaceX rockets

In February, during the inauguration of its 30,000 sq ft facility in Bangalore, the company had announced its plans of launching six hyperspectral imagery satellites

Hyderabad's Dhruva Space bags $9 million from IAN Alpha Fund, others

The $9.3 million Series A2 funding brings the startup's total Series A round to around $ 14 million. The money will go towards the company's manufacturing facility and acquisition plans

AWS launches first space tech accelerator program in India

The 14-week accelerator program will support Indian space tech startups, offering resources, expertise and leverage Amazon Web Services for growth

SatSure's 4 small satellites being made in Europe, to launch from India in 2025

Prateep Basu, CEO and co-founder of Bengaluru-based space tech startup SatSure, said their satellites are being assembled in UK, and that the supply chain is spread across Europe

Ahead of satellite launch in 2024, GalaxEye launches drone-based imaging prototype

IIT Madras-incubated space tech startup patented Drishti, a camera that fuses multiple sensors to produce accurate imagery, last year.

Bengaluru-based space tech startup SatSure raises $15 million in series A

With this investment, SatSure plans to launch a fleet of four high resolution optical and multispectral satellites by Q4 2025, the startup said

Budget 2023: Space tech industry body calls for PLI scheme to boost manufacturing

Production-linked incentive will not only encourage domestic manufacturers but it will also attract foreign space companies to manufacture in India, said SatCom Industry Association of India

Early-stage venture capital firm SphitiCap launches $500 million maiden fund

In a statement, the VC firm said its maiden fund will invest in cleantech, fintech, deeptech, agritech, proptech, SaaS, digital media, direct to consumer, spacetech, defence, and logistics and supply chain.

India's space tech revolution could mirror the IT sector: Inflexor Ventures' Jatin Desai

The Bellatrix Aerospace investor says Inflexor has around three more space tech start-ups on its watchlist, and will wait for a few more months before taking a call on funding them.