Cosmoserve Space raises $6m seed for orbital servicing
The Hyderabad startup will fund its Base 1 facility, technology demonstrations and two planned missions.
Cosmoserve Space has raised $6 million in seed funding from Rebright Partners, Aranya Holdings, Naandi Ventures and returning backers AUM Ventures and Shakti VC.
The startup develops robotic systems to retrieve defunct satellites and orbital debris. The financing will support its new Base 1 development and testing facility in Hyderabad, technology demonstrations and two upcoming missions.
Use of funds
Develop Base 1 facility
Conduct technology demonstrations
Support two upcoming missions