Dhruva Space lands Rs 22 crore funding led by IAN, Blue Ashva Capital
- ByStartupStory | October 26, 2021
Dhruva Space, an end-to-end space engineering solutions provider, recently announced that it has raised 22 crores INR led by IAN Fund and Blue Ashva Capital. With this investment, the company is targeting the globally integrated satellite TV market for PC, launchpad and ground station companies and is positioning itself as an industry leader.
The Hyderabad, India and Austria-based company, which says it has launched initiatives worth hundreds of thousands of dollars, says it can use the capital to scale its operations. global scale, as well as entering comparable markets in the United States. and the Middle East.
The space startup is gearing up to launch new services such as Satellite as a Service, SpaceGrade Solar Array and Earth Station Solutions, both nationally and globally, according to a statement from Dhruva Space that was announced on October 25.
Dhruva has developed a small modular PC satellite TV platform that can enable the business, defence and education industries to quickly, reasonably and reliably access it. rely on home. The company complements its offering with starter and assembly companies, making it a fully integrated solution for anyone trying to gain access to a home.
The funding announcement comes after the Dhruva region signed a memorandum of understanding with major manufacturers and technicians Larsen and Toubro last week for a joint presentation of energy options for the televised energy sector, satellite for computers worldwide, without specifying the details of the agreement.
Dhruva added that they’ve done a lot of work on building space-grade photovoltaic panels, which could spark the idea of a partnership.
This rapidly growing space company was founded in 2012 by Sanjay Nekkanti, an alumnus of SRM University and part of India’s first student satellite building team and joined by Abhay Egoor, Krishna Teja and Chaitanya Dora, all Alumni of BITSPilani, to provide Earth Station Combined Satellite and Launch Services as an integrated/individual India-made solution to provides strategic space applications to Indian and foreign customers.
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