- Cosmoserve Space, a Hyderabad-based spacetech startup, has raised $6 million in a seed round of funding from Rebright Partners of Japan, Aranya Holdings, and Naandi Ventures. The round also saw participation from existing investors AUM Ventures and Shakti VC.
- The startup inaugurated Base 1, a facility in Hyderabad for satellite servicing and space debris recovery.
- Cosmoserve plans to use the fresh capital to support tech demonstrations, fuel two upcoming missions, and enhance the operations of Base 1.
- Chiranjeevi Phanindra, Founder & CEO of Cosmoserve, stated that debris is becoming the limiting factor for every nation's space ambitions, including India's.
- Cosmoserve aims to complete all tech demos by 2027 and start commercial operations by 2028.
- Cosmoserve was founded in June 2025 by former ISRO scientist Chiranjeevi Phanindra.
- The startup's first tech demonstration, Mission Embrace-1, successfully flew aboard Skyroot Aerospace's Vikram-1 rocket.
- Cosmoserve has now raised over $9 million since its inception last year.
- The facility, Base 1, will support satellite servicing, including in-orbit repairs and refuelling.
- Cosmoserve aims to develop more critical technologies in-house through Base 1 and strengthen domestic manufacturing capabilities.
- The startup is gearing up for Embrace-2, an upgraded version of its mission to validate its upgraded robotic capture mechanism.
Cosmoserve Space has raised $6 million in seed funding, led by Japan's Rebright Partners, to support its new facility, Base 1, in Hyderabad. This facility will focus on satellite servicing and space debris recovery, addressing a critical challenge in the space industry.129
Founder Chiranjeevi Phanindra emphasized that debris is a limiting factor for India's space ambitions, stating, "Debris is becoming the limiting factor for every nation's space ambitions, including India's." He noted that there are approximately 68,000 debris objects in orbit, posing risks to operational satellites and missions like the International Space Station.46
The funding will enhance operations at Base 1, which includes an orbital rendezvous and capture lab, a space robotics innovation lab, and a clean room for satellite integration. Cosmoserve aims to develop critical technologies in-house, currently sourcing 60% of its components locally.
Phanindra, a former ISRO engineer, plans to complete tech demonstrations by 2027 and start commercial operations by 2028. The startup has already flown its first payload and is gearing up for its next mission, Embrace-2, to validate its robotic capture mechanism.3511
Cosmoserve has received letters of intent from satellite operators in the US, Europe, and India, aiming to secure a paid customer before launching commercial operations.
The facility, costing around ₹6 crore to construct, was inaugurated with the presence of union minister Dr. Jitendra Singh and Telangana IT Minister D Sridhar Babu.
“Cosmoserve has now raised over $9M since inception and doubled its valuation, per founder Chiranjeevi Phanindra. The startup already sources 60% of mission components locally and plans to use Base 1 to develop critical technologies in-house, aiming for a world-record approach within 10 meters of a dead satellite.”
