Mumbai-based spacetech startup Manastu Space has raised $3 million in fresh funding, led by Capital-A, with participation from existing investors Capital 2B, Indian Angel Network (IAN), E2MC, Bhagnani Family Office, and Jeet Chandan. The investment will fuel the commercial launch of its green propulsion and debris-avoidance solutions while supporting the company’s international growth plans.
Founded in 2017 by Tushar Jadhav and Ashtesh Kumar, Manastu Space is pioneering sustainable propulsion systems designed to replace traditional chemical-based options that use toxic fuels harmful to humans and the environment. Its flagship VYOM 2U propulsion system offers a non-toxic alternative for satellite maneuvering and debris avoidance, enhancing operational safety and efficiency in orbit.
In December 2022, Manastu successfully tested VYOM 2U on the PSLV C-60 rocket, marking a significant step toward cleaner and more sustainable satellite operations. Currently at Technology Readiness Level 8 (TRL-8), the company aims to achieve TRL-9, validating the system for long-term space operations.
Expanding In-Orbit Services
Beyond propulsion, Manastu Space is working on satellite refuelling, deorbiting obsolete satellites, and extending satellite lifespans—innovations aimed at reducing space debris and lowering mission costs. These capabilities are expected to open new revenue streams and strengthen its role in the rapidly growing global spacetech sector.
Global Market Ambitions
With the new funding, Manastu plans to expand into the United States, Europe, and Asia, forging partnerships with satellite manufacturers, constellation operators, and systems integrators. The company already collaborates with leading organizations such as DRDO, French aerospace firm Latitude, and India’s Innovations for Defence Excellence (iDEX) initiative.
Riding the Wave of India’s Space Boom
India’s space economy is projected to reach $40 billion by 2040, with 2025 seeing a surge in investments for spacetech startups including Xovian Aerospace, Omspace, Atrophel, and Inbound Aerospace. Manastu’s focus on eco-friendly space missions and its proven in-orbit demonstrations have positioned it as a promising leader in the field.
Commenting on the investment, Ankit Kedia, Founder of Capital-A, said, “Manastu’s successful in-orbit demonstration places it in a strong position to lead sustainable space innovations globally.”
With its latest funding round, Manastu Space is set to accelerate its mission of creating safer, cleaner, and more efficient space operations—paving the way for a sustainable future beyond Earth.
