EON Space Labs raises $1.2 M from MountTech Growth Fund-Kavachh

Hyderabad-based spacetech startup EON Space Labs has raised USD 1.2 million in its pre-Series A funding round from MountTech Growth Fund-Kavachh.Founded in 2021 by Manoj Kumar, Sanjay Kumar, and Punit Badeka, EON manufactures Earth Observational Optical Imaging Solutions for satellites and drones. It aims to develop a constellation of satellites for real time monitoring and surveillance of infrastructure and geographies. The firm claims applications of its services in surveillance, agriculture, natural resources and disaster management.