VC Fund Investments
Spacetech startup InspeCity raises $1.5 M from Speciale Invest
Mumbai-based space tech startup InspeCity, which develops technologies that can provide servicing to satellites while in orbit, has raised USD 1.5 million in a pre-seed funding round led by Speciale Invest. The round was co-led by Antler India and Veda VC. Other investors participating in the round include Anicut Capital and DeVC India. Founded in 2022, InspeCity aims to build "cities" in space in a suitable orbit between the Earth and the moon, besides space factories that support a true in-space economy. The investment will be used by InspeCity to demonstrate that a defunct satellite can be docked with a de-orbited satellite using the company's vehicle for life-extension and deorbiting activities (VEDA) platform, using a proprietary robotic mechanism named Remotely Actuated Motorized Arm (RAMA).
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