Manastu Space raises $3 million in round led by Capital-A

Mumbai-based spacetech startup Manastu Space has raised $3 million in a round led by a venture capital (VC) firm, Capital-A. Existing investors such as Capital 2B, Indian Angel Network (IAN), E2MC, the Bhagnani Family Office, and Jeet Chandan, among others, also participated in the round.

The company plans to use the fresh funding to enable commercial deployment of its green propulsion and debris-avoidance solutions. Manastu Space test-fired its green propulsion system VYOM 2U onboard PSLV C-60 in space in December last year. The green propulsion…