OrbitAID, Bengaluru, India-based space tech startup, raised $1.5M in Pre-Seed funding.
The round was led by Unicorn India Ventures with participation from TANSIM (Government of Tamil Nadu).
The company intends to use the funds to conduct an in-space demonstration of docking and refuelling operations, expand facilities for on-orbit servicing operations, advance SIDRP (Standard Interface Docking and Refueling Port) to commercial readiness and scale team capabilities to align with upcoming projects.
Founded in 2021 by Sakthikumar R, Nikhil Balasubramanian and Mano Balaji K, OrbitAID is an aerospace company that is focused on advancing sustainable space operations through on-orbit refueling solutions to create a network of fuel stations in space that are strategically positioned in various orbits. It aims to increase the lifespan and functionality of satellites that will reduce space debris and enhance the long-term viability of space infrastructure with their product Standard Interface Docking and Refueling Port (SIDRP), which will improve the accessibility and reliability of satellite refueling operations to unprecedented levels.
FinSMEs
15/01/2025