Team Startupcity

•  Raised $3M to commercialize green propulsion and debris-avoidance technologies.
•  Successfully test-fired VYOM 2U green propulsion system aboard PSLV C-60.
•  Plans global expansion and new in-orbit servicing solutions like satellite refuelling.

Manastu Space, a spacetech startup based in Mumbai, has raised $3 million in a round led by Capital-A, with involvement from prior supporters Capital 2B, Indian Angel Network (IAN), E2MC, Bhagnani Family Office, and Jeet Chandan.

The capital will fund the commercialization of the company's green propulsion and debris-mitigation technologies, as well as plans for expansion into the US, Europe, and Asia. Manastu Space was founded in 2017 by Tushar Jadhav and Ashtesh Kumar and collaborates with satellite original equipment manufacturers, constellation operators, and service integrators.

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In December 2024, the startup test-fired its green propulsion system VYOM 2U successfully on board PSLV C-60. The technology has been developed as a non-toxic replacement for traditional chemical and electric propulsion systems. The technology is set to upgrade from Technology Readiness Level 8 (TRL-8) to TRL-9 to be used in space over the long term.

Future projects involve creating in-orbit servicing options like satellite refuelling, de-orbiting, and mission extension. The company's list of clients includes DRDO, French company Latitude, and iDEX.

With India's space industry expected to be worth $40 billion by 2040, the year has already witnessed several funding rounds in peers like Xovian Aerospace, Omspace, Atrophel, and Inbound Aerospace.