Manastu Space funding, investors and company details
Manastu Space is an emerging Artificial Intelligence (AI) - Spacetech startup from Mumbai, working in the space of Developing green propulsion systems for satellites, offering non-toxic alternatives to traditional fuels. Founded by Tushar Jadhav, Ashtesh Kumar.
- Company: Manastu Space Technologies Private Limited
- Sector: Artificial Intelligence (AI) - Spacetech
- Location: Mumbai
- Founders: Tushar Jadhav, Ashtesh Kumar
Company overview
Manastu is developing green propulsion systems for satellites, offering non-toxic alternatives to traditional fuels like hydrazine. In addition to propulsion, Manastu is tackling the growing issue of space debris byeating advanced collision avoidance technologies. These solutions enable satellites to maneuver effectively and avoid potential threats in orbit, contributing to safer and more reliable space operations. In December 2024 Manastu successfully test-fired its green propulsion system, VYOM 2U, aboard ISRO’s PSLV C-60 launch. This achievement marked aitical step toward validating its technology in real-world conditions. The company has strategic partnerships with key organizations, including India’s Defence Research and Development Organisation (DRDO), iDEX (Innovations for Defence Excellence), and the French aerospace firm Latitude. It is aiming to enable in-orbit servicing capabilities such as satellite refuelling, life extension, and safe deorbiting. The company is focused on advancing from Technology Readiness Level 8 (TRL-8), where systems are proven in simulated environments, to TRL-9, which involves full operational deployment in space.
Funding rounds
- Latest round: $ 3.00 Mn (₹26.45 Cr.), 2025-08-12. Investors: Capital A, Capital 2B, Jeet Chandan, Bhagnani Family Office, E2MC, Indian Angel Network (IAN)
- Past round: Undisclosed Amount, 2025-01-30. Investors: Jeet Chandan
- Past round: $ 3.00 Mn (₹24.98 Cr.), 2023-10-26. Investors: Sanjiv Bajaj, Jaideep Mehta, Nitin Zamre