Space-tech player Orbitt attracts $1-M from pi Ventures, IIMA Ventures

Ahmedabad-based Orbitt Space has raised USD 1 million in a pre-seed funding round led by pi Ventures, with participation from IIMA Ventures.The funding will support the development of an air-breathing electric propulsion system for Ultra-Low Earth Orbit (ULEO) satellites.Founded in early 2025 by former ISRO scientists Christopher Parmar and Anupam Kumar, Orbitt focuses on satellite operations in ULEO, which is below 250 km in altitude.