Team Startupcity

• EON Space Labs raises $1.2M Pre-Series A to fuel product launches and team expansion.
• To launch MIRA, India’s lightest space telescope, and four LUMIRA EO/IR systems.
• Targeting global EO/IR market valued at $11.09 billion, with commercial orders secured.

EON Space Labs, a deeptech company focusing on advanced imaging technologies, has raised USD 1.2 million (approx. INR 10.5 crore) in a Pre-Series A funding round led by MGF Kavachh with HHV Advanced Technologies as investor and strategic partner.

The new funds will be utilized to expand EON's engineering staff, increase manufacturing capacity, and fund the launch of MIRA, scheduled to be India's lightest high-resolution space telescope in late 2025. The startup will also release four variants of its LUMIRA EO/IR systems, targeting drone and ground surveillance applications.

Established in 2022 by Sanjay Kumar, Punit Badeka, and Manoj Kumar Gaddam, EON Space Labs specializes in designing miniaturised, AI-based electro-optical and infrared payloads for satellites, drones, aerial vehicles, and ground platforms. Its innovative optical design can achieve size and weight reduction of up to 3–4 times without any loss in image quality.

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The new LUMIRA systems are optimized for extended-range detection of humans, vehicles, UAVs, and threats, serving more than 85% of EO/IR surveillance applications worldwide. The worldwide EO/IR market size, as per a 2025 EY report, stands at USD 11.09 billion, and EON is already experiencing robust commercial momentum, with several global orders placed following successful proof-of-concept demonstrations.

“We are building EO tools that are not only high in quality but also accessible,” said Punit Badeka, Co-founder of EON. Sanjay Kumar emphasized the company’s mission to boost India’s capabilities in dual-use payload systems for both space and terrestrial applications. “With support from strategic investors, we’re one step closer to creating a globally competitive optical payload ecosystem,” added Manoj Kumar Gaddam, Co-founder.

"Our collaboration with EON is founded on a mutual pledge to enhance India's precision optics capabilities," stated Prasanth Sakhamuri, HHV Advanced Technologies Managing Director. Col. (Rtd.) Sarjeet Yadav, Venture Partner, MountTech Kavachh, added, "EON is breaking new ground in indigenous innovation in optics and surveillance technology."

EON's vertically integrated approach right from optical design and system engineering through prototyping to manufacturing is entirely India-based, with the aim of building the country's defence and space technology ecosystem.

As India gains speed in space and drone technology leadership, EON Space Labs is proving to be a homegrown giant fusing cutting-edge innovation, local manufacturing, and international ambition.