Cosmoserve Space, a Hyderabad-based spacetech startup developing satellite servicing and space debris recovery systems, has raised $6 million in a seed funding round led by Japan-based Rebright Partners, Aranya Holdings and Naandi Ventures. Existing investors AUM Ventures and Shakti VC also participated in the round.
The latest funding brings the company’s total capital raised to over $9 million. Alongside the funding announcement, Cosmoserve has also inaugurated Base 1, a facility dedicated to designing, building, testing and operating its satellite servicing and space infrastructure systems.
Cosmoserve to Expand Satellite Servicing and Space Robotics Capabilities
The newly established Base 1 facility will house several specialised infrastructure units, including an orbital rendezvous and capture laboratory, a space robotics laboratory, a clean room for satellite integration, and a mission simulation and control centre.
The facility is designed to support the development and testing of technologies for in-orbit satellite servicing, including satellite repairs and refuelling. These capabilities are aimed at addressing operational challenges in space, particularly the growing need to maintain satellites and manage space debris.
Cosmoserve is working on systems that can support satellite servicing and space debris recovery, an emerging segment of the global spacetech ecosystem.
Existing Investors Participate in Funding Round
The $6 million seed round saw participation from both new and existing investors. Japan-based Rebright Partners, Aranya Holdings and Naandi Ventures joined the round, while AUM Ventures and Shakti VC continued their participation in the company.
The latest investment follows Cosmoserve’s earlier pre-seed funding round, in which the company raised $3.17 million. With the latest capital infusion, its total funding has crossed $9 million.
Chiranjeevi Phanindra B Leads Cosmoserve
Cosmoserve lists Chiranjeevi Phanindra B, PhD, as its Chief Executive Officer. The company is focused on developing technologies and infrastructure for satellite servicing, orbital operations and space debris recovery.
With the latest funding and the launch of Base 1, Cosmoserve aims to strengthen its engineering and operational capabilities in the satellite servicing segment. Its developments come amid growing interest in space infrastructure and technologies that can support the long-term sustainability of orbital operations.
-By: Aakriti Jaiswal
