Exclusive: Manastu Space Raises ₹22 Cr In Ongoing Funding Round
The funding was provided by Gandhi Securities and Investments, Thacker Legacy Trusts, and angel investors. The company is developing a green hydrogen peroxide-based propulsion system for satellites to reduce orbital congestion.
Key points
- Raised ₹22 Cr from various investors and trusts
- Developing green propulsion and in-orbit refuelling systems
- Proprietary fuel claims 50% higher performance than hydrazine
- Received additional ₹116 Cr commitment from the TDB
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