Orbitt Space, founded by ex-ISRO scientists, raises funds for ULEO satellite tech

Ahmedabad's spacetech ecosystem is rapidly growing with startups like SatLeo Labs and PierSight securing over $10 million combined. Orbitt Space's latest fundraising for cutting-edge ULEO propulsion highlights the city's rising prominence in advanced satellite technology.

Sources:
Times of India
Updated 39m ago
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Sources: Times of India
Ahmedabad is rapidly becoming a key spacetech hub in India, driven by startups founded by former ISRO engineers. Among these, Orbitt Space, launched in 2025 by ex-ISRO scientists Christopher Parmar and Anupam Kumar, is currently raising funds to develop its ultra-low Earth orbit (ULEO) satellite propulsion technology.

This emerging company joins peers like SatLeo Labs and PierSight, which have collectively attracted significant investments. SatLeo Labs recently secured a $3.3 million (Rs 28 crore) pre-seed funding round led by Merak Ventures, while PierSight raised $2 million (Rs 17 crore) from Crescent Enterprises Ventures and others, bringing its total funding to $8 million.

The growth of these startups highlights Ahmedabad’s rising prominence in the Indian spacetech ecosystem, leveraging the expertise of former ISRO engineers to innovate in satellite technology and propulsion systems.

“Ahmedabad is emerging as a significant spacetech hub in India, fueled by startups founded by former ISRO engineers,” industry observers note.

Orbitt Space’s focus on ULEO satellite propulsion technology aims to enhance satellite maneuverability and efficiency in ultra-low Earth orbits, a critical area for next-generation satellite applications.

With the backing of experienced founders and a growing investment ecosystem, Orbitt Space and its peers are poised to contribute significantly to India’s space technology advancements.
Sources: Times of India
Orbitt Space, founded in 2025 by ex-ISRO scientists Christopher Parmar and Anupam Kumar, is raising funds for its ultra-low Earth orbit (ULEO) satellite propulsion technology. This startup joins Ahmedabad’s growing spacetech scene, alongside SatLeo Labs and PierSight, which have collectively raised over $5 million in investments.
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Key Facts
  • Ahmedabad is emerging as a significant spacetech hub in India, driven by startups founded by former ISRO engineers.Times of India
  • Startups including SatLeo Labs and PierSight have collectively raised $5.3 million, attracting substantial initial investments.Times of India
  • SatLeo Labs recently closed a $3.3 million (Rs 28 crore) pre-seed funding round led by Merak Ventures, with Huddle Ventures as a major investor.Times of India
  • PierSight announced a $2 million (Rs 17 crore) funding round from Crescent Enterprises Ventures, Sustainable Ocean Alliance and Seabird Ventures, bringing its total investment to $8 million.Times of India
  • Orbitt Space, launched in 2025 by former ISRO scientists Christopher Parmar and Anupam Kumar, is currently raising funds for its ultra-low Earth orbit (ULEO) satellite propulsion technology.Times of India
Key Stats at a Glance
Total funding raised by Ahmedabad spacetech startups SatLeo Labs and PierSight
$5.3 million
Times of India
Funding raised by SatLeo Labs in pre-seed round
$3.3 million
Times of India
Recent funding round raised by PierSight
$2 million
Times of India
Total investment raised by PierSight
$8 million
Times of India
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