Funding · Government, Defense & Space
InspeCity raises ₹100 crore for in-orbit satellite servicing
By Startup Enthusiast ·
- Date
- Company
- InspeCity
- What it does
- In-space satellite servicing technology
- Kind
- Funding
- Amount
- ₹100 Cr
- Stage
- pre-Series A
- Based in
- Thane
- Founded
- 2022
What they do
InspeCity develops autonomous technologies for satellite inspection, life extension, and refueling to reduce space debris and support long-term orbital…
What happened
The company raised ₹100 crore in a pre-Series A round led by Speciale Invest and Ashish Kacholia to fund four upcoming in-orbit missions
Why it matters
The startup plans to validate its integrated architecture over the next 18 months, moving from individual technology testing to commercial flight qualification
The details
- InspeCity raised ₹100 crore ($10.5 million) in a pre-Series A funding round.
- The round was led by Speciale Invest and investor Ashish Kacholia.
- Existing investors Antler Elevate, Antler India, and Shastra VC also participated in the round.
- The company will use the capital to execute four in-orbit missions over the next 12 to 18 months.
- These missions aim to validate its RIG-X, VEDA-X, and SAMA-X architectures for flight qualification.
- The company is transitioning from individual technology development to an integrated in-space servicing model.
The bigger picture
- Satellites often become space junk when they run out of fuel despite having functional hardware.
- InspeCity aims to solve this by providing life-extension services to refuel and repair existing orbital assets.
- The company's long-term thesis, Earth 2.0, focuses on building infrastructure for a sustainable space economy.
About the business
- InspeCity develops hardware for in-space servicing, assembly, and manufacturing (ISAM).
- Its technology stack includes GITA (propulsion), CHAKSU (AI sensing), RAMA (robotic arm), and SPARSH (docking).
- The company offers platforms for remote inspection, life-extension, and maintenance of satellites.
- It aims to reduce the need for costly satellite replacements by extending their operational lifespan.
- The company also provides GITA propulsion systems as a commercial product to satellite operators.
What happens next
- Execute four in-orbit missions within 12 to 18 months.
- Scale commercial deployment of GITA propulsion systems.
- Transition from technology validation to commercial flight qualification.
The deal
- Type
- funding
Investors
- Speciale Invest (lead) — Early-stage venture capital firm focusing on deep tech and space startups.
- Ashish Kacholia (lead) — Prominent Indian investor known for backing deep tech and hardware companies.
Founders
- Arindrajit Chowdhury, Founder and CEO
- Tausif Shaikh, Co-Founder and CTO
About InspeCity
- Product
- space tech startup
- Customers
- Satellite operators, space agencies, and other space infrastructure buyers
- How it makes money
- Develops and commercializes space hardware and in-space servicing systems for orbital missions
- What sets it apart
- Vertically integrated stack for propulsion, sensing, robotics, docking, and refuelling
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