In a significant boost to India's burgeoning spacetech sector, Ahmedabad-based startup Orbitt Space has successfully raised $1 million in a pre-seed funding round. The round was led by pi Ventures, with notable participation from IIMA Ventures, marking a strong vote of confidence in the company’s vision and potential.
Founded by former scientists from the Indian Space Research Organisation (ISRO), Orbitt Space is focused on developing cutting-edge technologies for ultra-low Earth orbit satellites. Their innovative work includes electric propulsion and avionics systems aimed at enhancing satellite maneuverability and reducing operational costs.
The freshly secured funds are expected to accelerate Orbitt Space’s efforts in product design and engineering. The startup plans to expand its team of scientists and engineers while conducting prototype testing to validate their advanced propulsion and avionics systems, paving the way for next-generation satellite missions.
This investment comes at a time when India’s spacetech ecosystem is witnessing rapid growth, with increasing support from both private investors and government initiatives. Orbitt Space aims to contribute significantly to advanced Earth observation and communication missions, addressing critical needs in the global satellite market.
With a strong foundation built on the expertise of ex-ISRO scientists, Orbitt Space is poised to become a key player in the spacetech industry. The backing from prominent investors like pi Ventures and IIMA Ventures further solidifies its position as a promising startup to watch.
As the company progresses, industry experts anticipate that Orbitt Space’s innovations could redefine satellite technology, offering cost-effective and efficient solutions for space missions worldwide.
Andrew Lee
