Space-tech startup Cosmoserve Space has secured $3.17 million (₹26.5 crore) in a heavily oversubscribed pre-seed round led by Alan Rutledge, with participation from AUM Ventures and Shakti VC. The round drew strong interest from global backers, including Ram Shriram, Google’s early investor and long-time board member.
The fresh capital will enable Cosmoserve to ramp up its R&D efforts, expand its engineering team, and begin work on prototypes for its robotic spacecraft designed to tackle orbital debris. With thousands of satellites being launched each year and an increasing volume of junk in orbit, the risk to global space assets is accelerating. Cosmoserve is positioning itself as a frontline player in building a sustainable orbital ecosystem.
The company was founded by Dr. Chiranjeevi Phanindra, a former ISRO scientist and Deputy Project Director of the Gaganyaan human spaceflight mission. Bringing decades of aerospace expertise, Dr. Phanindra and his team are developing autonomous robotic systems that can track, capture, and mitigate debris, helping safeguard satellites, space stations, and future deep-space missions.
“We are on a mission to create a safer, sustainable future in space,” said Dr. Phanindra. “This funding gives us the runway to fast-track development and partner globally to solve the debris challenge at scale.”
The investment comes at a time when India’s space-tech sector is gaining unprecedented momentum, fueled by government reforms and increasing private participation. Analysts estimate the global space economy could surpass $1 trillion by 2040, with orbital safety emerging as a critical enabler for sustained growth.
Cosmoserve’s breakthrough funding underscores how India’s next generation of space-tech founders are building not just for exploration, but for long-term sustainability in orbit.
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