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Indian spacetech startup Cosmoserve raises $6m seed

Cosmoserve Space, a Hyderabad-based spacetech startup developing satellite servicing and space debris recovery systems, said it raised US$6 million in a seed round from Japan’s Rebright Partners, Aranya Holdings, and Naandi Ventures.

Existing investors AUM Ventures and Shakti VC also participated.

The company said the round brings its total funding to more than US$9 million, alongside the opening of Base 1, a facility to design, build, test, and operate these systems.

Cosmoserve said Base 1 will house an orbital rendezvous and capture lab, a space robotics lab, a clean room for satellite integration, and a mission simulation and control center.

The facility will also support in-orbit satellite repairs and refueling.

Cosmoserve lists Chiranjeevi Phanindra B, PhD, as CEO, and it previously raised US$3.17 million in a pre-seed round.

🔗 Source: YourStory

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