Tech Company Financing Transactions
OrbitAID Aerospace Funding Round
Unicorn India Ventures and Tamil Nadu Startup and Innovation Mission (TANSIM) invested in a $1.5 million Seed funding round for OrbitAID Aerospace. The round was announced on 1/15/2025.
Transaction Overview
Company Name
Announced On
1/15/2025
Transaction Type
Venture Equity
Amount
$1,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to conduct an in-space demonstration of docking and refuelling operations, expand facilities for on-orbit servicing operations, advance SIDRP (Standard Interface Docking and Refueling Port) to commercial readiness and scale team capabilities to align with upcoming projects.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
B-105 2nd Floor Sree Kerthy Elite Channasandra
Bengaluru, Karnataka, 560 067
India
Bengaluru, Karnataka, 560 067
India
Phone
Undisclosed
Website
Email Address
Overview
OrbitAID Aerospace Private Limited is developing satellite life extension solutions enabling longer mission duration, reduced space debris generation and enhanced operational flexibility. OrbitAID is working towards a holistic approach towards sustainable spacecraft operations beginning with refueling, then expanding in other on-orbit servicing operations like repairs, upgradation, de-orbiting and debris removal.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sakthikumar R
Chief Marketing Officer
Mano Balaji K
Chief Operating Officer
Nikhil Balasubramanian
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