Dhruva Space Raises INR 22 Cr To Launch Satellite As A Service, Space Grade Solar Array

Dhruva Space Raises INR 22 Cr To Launch Satellite As A Service, Space Grade Solar Array

SUMMARY

The startup was the first Indian private company to design and develop a space-qualified solar array from the ground up

The Hyderabad and Austria-based startup is incubated at the European Space Agency’s business incubator

The Indian government had launched ISpA to enable spacetech startups in the country

Spacetech startup Dhruva Space has raised INR 22 Cr led by IAN Fund and Blue Ashva capital. The Hyderabad and Austria-based startup will use the funds raised to launch new offerings, including Satellite as a Service, Space-grade solar arrays, and ground station solutions, aimed at both the international and domestic audience. 

Founded in 2012 by Sanjay Nekkanti, Dhruva Space provides full-stack engineering solutions to enable ‘faster, reliable and more cost-effective access to space. The startup also provides its clients with integrated access to owning and operating space-based assets. 

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