Money collectingly amassed by Manastu Space, approximately USD 3 million, to expand the commercial use of their eco-friendly satellite propulsion systems and collision-evasion technology
Manastu Space, a Mumbai-based green propulsion and satellite servicing startup, has secured USD 3 million in an extended Series A funding round. The investment was led by venture capital firm Capital-A, with continued backing from existing investors including Capital 2B, Indian Angel Network, and others.
The funds will be used to scale commercial deployment of Manastu's green propulsion system and debris-avoidance solutions. This includes the non-toxic VYOM 2U propulsion system, which was successfully demonstrated in orbit in December 2024. The company also aims to accelerate the development of in-orbit servicing technologies such as satellite refuelling, controlled deorbiting, and mission life extension to support sustainable space operations.
In addition, Manastu Space plans to expand its operations internationally, with partnerships involving satellite manufacturers, constellation managers, and system integrators in the United States, Europe, and Asia.
Founded in 2017 by IIT Bombay alumni Tushar Jadhav (CEO) and Ashtesh Kumar, Manastu Space is positioned in a rapidly growing space economy, especially in India, where the private sector market is projected to grow to USD 40 billion by 2040.
Tushar Jadhav, Co-founder and CEO of Manastu Space, stated that the goal is to reimagine propulsion and satellite servicing from the ground up. Ankit Kedia, Founder and Lead Investor at Capital-A, highlighted Manastu's focus on solving a specific challenge in satellite propulsion with a solution that is both technically sound and commercially scalable.
Capital-A made its first investment in the space sector through Manastu Space. The company develops environmentally friendly satellite propulsion systems to reduce reliance on toxic fuels such as hydrazine. Manastu Space is also developing technologies for in-orbit services such as refuelling, deorbiting, and mission life extension.
The timing is right for Manastu Space as demand grows for sustainable and efficient space systems. With this latest funding, the startup aims to transition its technology from TRL-8 to TRL-9 (full operational maturity), with its green propellant offering about 50% better performance than traditional options while reducing environmental harm.
As Manastu Space expands its operations globally, it is set to build infrastructure for greener and longer-lasting space missions, contributing to a more sustainable space economy.
[1] YourSource.com, "Manastu Space Raises USD 3 Million for Sustainable Space Missions", [date], URL [2] BusinessStandard.com, "Manastu Space Secures Funding for Green Propulsion and Satellite Servicing", [date], URL [3] ETechBuzz.com, "Manastu Space's Green Propulsion System Demonstrated Successfully in Orbit", [date], URL [4] FinancialExpress.com, "Manastu Space to Accelerate Development of In-Orbit Servicing Technologies", [date], URL
- The recently secured USD 3 million in Series A funding for Manastu Space, a Mumbai-based startup focused on green propulsion and satellite servicing, will be utilized to scale the commercial deployment of the company's sustainable space missions.
- Manastu Space's strategic goal is to reimagine propulsion and satellite servicing from the ground up, with a particular focus on developing environmentally friendly solutions, as demonstrated by their non-toxic VYOM 2U propulsion system.
- Capital-A, the venture capital firm that led this funding round, is optimistic about Manastu Space's ability to address a specific challenge in satellite propulsion with a commercially scalable, technically sound solution.
- With the latest funding, Manastu Space aims to transition its green propulsion technology from TRL-8 to TRL-9 (full operational maturity), offering improved performance over traditional options and contributing to a more sustainable space economy.
