Space infrastructure and mission operations company Kepler Aerospace has raised $8 million in a seed funding round. In another development, Zenergize Technologies has raised $4 million in a pre-Series A round.
Blue Ashva leads $8m funding in Kepler Aerospace
Space infrastructure and mission operations company Kepler Aerospace has raised $8 million in a seed funding round led by Blue Ashva Capital. The funding also saw participation from Finvolve India Accelerator and other investors.
The funding proceeds will be used by the company to develop and deploy space-based persistent Intelligence, Surveillance and Reconnaissance (ISR) capabilities, while scaling its mission operations and avionics-as-a-service businesses, Kepler Aerospace said in a statement.
Founded in July 2018 by Navneet Singh and Kiran Sharma, Kepler Aerospace designs and operates mission-critical space infrastructure from global ground station networks to flight-proven satellite subsystems. Its capabilities span satellite avionics and subsystems, ground infrastructure, mission operations and space-based intelligence.
Zenergize raises $4m led by Giraffe Studios
Zenergize Technologies, an R&D-driven deep-tech company developing indigenous Silicon Carbide (SiC)-based power electronics, has raised $4 million in a pre-Series A round led by Giraffe Studios, it announced on Tuesday (Sept. 1).
The round also saw participation from a group of strategic investors, including Nikhil Sawhney of Triveni Turbine, Varun Agarwal of Ellenbarrie Industrial Gases, Shyam Bagri of Bagrry’s Holdings, Raoul Bajaj of Trafigura, angel investor Sunil Kalra, Ajith Pai, former COO of Delhivery, Sandeep Barasia, former CBO of Delhivery, Nitin Jain, Managing Director of Neo Group, and Hemant Daga, CEO of Neo Bank, alongside other angel investors and existing investors.
The company will use the capital to expand its manufacturing capacity and sales and service network across India, while deepening its capabilities to build globally competitive power electronics products designed and manufactured in India.
Zenergize claims to have reached an annual revenue run rate of Rs 30 crore and built an order book exceeding Rs 150 crore within a year of commercialisation.
