What are Space Startup Companies?
Space Startups are a set of companies contributing to the aerospace industry, in a way increasing the economic space sector. All through a good contribution from government organizations like ISRO have been fascinating and have given more contributions towards space and aerospace industries, since last decade, the space startups in the private sector that began in India, have vigorously been working hard to cope with high-speed technology and artificial intelligence.
The startups majorly focus on launch vehicle systems, propulsion engines, imaging, and many others. The investors are up and running successfully as a token of encouragement, with the next generation propelling into this field, the startups are ready with unique technology and facilities.
How do Space Startups Contribute to the Space Economy? And Check Out What Is ISP?
India, too, has been making advances in substances, propulsion, and artificial intelligence to drive innovations and reach new frontiers in Space exploration. (ISRO) has completed missions, along with Mangalyaan, Chandrayaan 1, 2, and 3, innovated a navigation satellite device, and constructed a polar satellite for (PSLV) and a reusable launch vehicle (RLV).
Additionally, through worldwide collaborations and ISRO’s business ventures, New Area India Ltd., (NSIL), India’s area economy has finished a valuation of 8 million US dollars and is expected to touch USD 40 billion through 2024.
ISP ( Indian Space Policy )
The government of India has established a policy called ISP ( Indian Space Policy ) 2023, which allows private sector/companies participation in the aerospace industry, to attain 10 percent of the global space market share by the year 2030.
The coverage initiative is geared toward fostering possibilities for non-public organizations and startups. In 2022, investors poured USD 119 million into Indian space startups, up from a complete of simply USD 38 million in all the years up to 2017.
| Top 10 Space Startups by India | |
| 1. | Aadyah Aerospace |
| 2. | Agnikul |
| 3. | Astrogate Labs |
| 4. | Bellatrix Aerospace |
| 5. | Blue Sky Analytics |
| 6. | Dhruva space |
| 7. | Digantara |
| 8. | Eon Space Labs |
| 9. | GalaxEye Space |
| 10. | GreenSat Innovation Labs |
Check Out The Top 10 Space Startups by India – A Detailed Overview
1. Aadyah Aerospace
Source: Google
Aadyah Aerospace was founded by Shaju Stephen and is a provider of aeronautics, space, and defense engineering. Established in Bengaluru, this innovative aerospace startup’s objective is to revolutionize Computer vision, communication, and motion control abilities with AI.
The startup operates in both the gap and aerospace sectors, specializing in self-designing satellites, releasing vehicle subsystems, and drones.
The startup’s primary focus lies in
- Manufacturing satellite system
- Launch Vehicle
- Facilitated Drones with equipped features
Substantially, the space tech startup has efficaciously advanced a cube set dispenser that securely holds satellites in the role for the duration of launches till they’re deployed into Low Earth Orbit (LEO).
2. Agnikul
Source: Google
Starting in 2017, Agnikul executed a substantial milestone employing building its launchpad and mission control center at the Satish Dhawan Space Centre in Sriharikota. Srinath Ravichandran, SR Chakravarthy has earned a net profit of approx 40 Million US dollars through the investment rounds that were conducted. Considered as one of the Top 10 Space Startups in India.
The space tech startup has garnered assistance from investors, which include Sriram Krishnan of Andreessen Horowitz, Anand Mahindra, Nithin Kamath of Zerodha, and Naval Ravikant of AngelList. Agnikul has secured an enormous achievement as one of the first Indian personal companies to forge partnerships with both ISRO and IN-area for the development of its initiatives.
Operating within the fiercely competitive space industry, Agnikul faces competition from players consisting of Skyroot, Dhruva Space, Pixxel, and Astrome.
3. Astrogate Labs
Source: Google
Located in Bengaluru, Astrogate Labs is known for producing high-pace communication systems for small satellites. The startup was established in 2017 with the help of Aditya Kedlaya and Nitish Singh, who are dedicated to unveiling its groundbreaking space-to-ground laser communications link. The Space Startups In India like Astrogate Labs, after getting its undisclosed amount of funding money in 2019, Astrogate secured $200K from the 9Unicorns Accelerator Fund in 2020.
With an imaginative and prescient to cope with the task of fast-paced manufacturing systems in space, the startup started by deliberately setting up a complete chain of optical ground-based systems. The spacetech startup’s method consists of dealing with a network of optical floor stations and in-space relays to assist the growing needs of satellite TV for downlink operations.
4. Bellatrix Aerospace
Source: Google
Bellatrix Aerospace was started in 2015 by Rohan M Ganapathy and Yashas Karanam. With the present-day spherical led via ANIC-arise in 2022. The Top 10 Space Startups like Bellatrix Aerospace aid in advanced propulsion systems and rocket engines.
The startup is dedicated to making the space sector reliable and inexpensive for next-generation. One of its key regions of emphasis is the improvement of propulsion structures, or thrusters, for heavy (>2 ton), micro, and nanosatellites. The company focuses on operating satellite systems, basically for advancement in propulsion engines, launch vehicles, imaging, navigation
5. Blue Sky Analytics
Source: Google
Founded in 2018 by two brothers Abhilasha Purwar and Kshitij Purwar, Blue Sky Analytics is a geospatial data intelligence agency that is leveraging cloud and AI to build an API-based catalog of environmental datasets. With the usage of its proprietary AI and ML fashions, Blue Sky provides statistics analytics for numerous environmental signs together with greenhouse fuel emissions, climate risks (floods, droughts, wildfires, and excessive heat), and environmental monitoring, among others.
The startup’s use instances include monitoring and measuring climate dangers, calculating climate VaR – stands for ( Value At Risk ), and pressure checking out for numerous warming situations. Sponsored through names including Rainmatter and BEENEXT, the startup has secured $1.5 Mn considering its inception.
6. Dhruva Space
Source: Google
Founded in 2012 through Sanjay Nekkanti, Dhruva Space area is a space tech startup based in Hyderabad. The startup specializes in supplying integrated solutions for space-based opportunities like satellites, and earth stations, and launching services to the next generation as a comprehensive package.
In 2021, Dhruva became the first Indian entity to secure an order for the layout and improvement of space-certified Solar Arrays from inception.
The startup similarly successfully tested and space-qualification of its ‘3U and 6U satellite Orbital Deployers’ and ‘Orbital hyperlink’ in April 2023. Those advancements were accompanied by a release in April, in which the Dhruva area independently constructed satellite TV for deployment systems which are similar to the PSLV (Polar satellite launch Vehicle) launch automobile.
7. Digantara
Source: Google
Located in 2018, the space tech startup is focused on sustainable area surroundings and operating on growing a space particle detector. Started by Anirudh Sharma, Rahul Rawat, and Tanveer Ahmed, the Bengaluru-based total startup objectives are to create a surrounding for small satellites in India and has networked with neighborhood partners as well.
This 12 months, it launched the satellite for Pushan-Alpha on the way to serve as a space climate testbed in a sun-synchronous orbit. Digantara is likewise growing a stop-to-end infrastructure to clear up the difficulties of space operations and manage space traffic through its Space Assurance Platform. Having closed its remaining investment round in August 2022, Digantara has raised a complete investment of $2.5M thus far.
8. Eon Space Labs
Source: Google
Founded in 2022 by using Punit Badeka, Manoj Kumar Gaddam and Sanjay Kumar, Eon Space Labs manufactures optical payloads for satellites, UAVs, and Drones. Eon’s proprietary technology allows its customers to capture high-resolution photographs using a smaller swap (size, weight, and strength) factor.
Furthermore, Eon pursues to expand a constellation of satellites with its companions for actual time monitoring and surveillance of infrastructure and geographies.
9. GalaxEye Space
Source: Google
Founded in the year 2020 by Satyanarayanan Chakravarthy, Rakesh, Suyash Singh, and several others. Situated in Chennai, the startup presents multi-sensor imagery via satellites.
From its inception, the startup has raised around $4 Mn from buyers, such as Speciale Invest, Artha India Ventures, Anicut Capital, Veda VC, Zerodha founder Nithin Kamath, EaseMyTrip’s Prashant Pitti, and Tracxn founder Abhishek Goyal, amongst others.
They also offer all-weather imaging facilities, It is also capacitated to supply high-resolution photographs of the usage of a small satellite constellation. They use Drishti sensors, built-in types of equipment with modern technology, and working to offer the first-ever satellite.
10. GreenSat Innovation Labs
Source: Google
Launched in the year 2020 by Krishna Kumar Ghosh, Aarush Yadav, and Deepak Yadav, GreenSat goals to leverage satellite imagery, synthetic intelligence, and blockchain to convert agricultural sports.
It gives crop monitoring services and financial assistance, such as crop loans, coverage, and supporting farmers to get higher costs for their produce.
As per the startup’s website, it captures facts through several satellite datasets, most prominently Sentinel-1 and Sentinel-2. This allows it to seize pictures of the whole earth in regular intervals of three days. It uses AI to snap pictures and process them, offer user-friendly insights to farmers, assist them make decisions, and increase cultivation.
On the economic guide front, GreenSat facilitates loans for farmers through virtual KYC. The companion banks examine credit score records and conduct land and satellite imagery analysis via the app before disbursing loans.
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