India · Defense & space startup

Manastu Space

Manastu Space is an Indian spacetech company founded in 2017 by IIT Bombay alumni Tushar Jadhav and Ashtesh Kumar.

Funding reportedLast round: Seed

Defense & spaceMumbai, India

About Manastu Space

Manastu Space is an Indian spacetech company founded in 2017 by IIT Bombay alumni Tushar Jadhav and Ashtesh Kumar.

Based in Navi Mumbai, Maharashtra, the company focuses on making space safe, sustainable, and accessible through innovative green propulsion and debris collision avoidance systems. Its mission is to eliminate debris pollution in orbit and enable safer space operations. The flagship product, the Vyom series of green propulsion thrusters, utilizes the proprietary MS289 green propellant, which is non-toxic and significantly safer than traditional hydrazine. This technology offers advantages such as higher productivity, extended satellite orbital life, and cost-effectiveness. Manastu Space also provides in-orbit servicing, de-orbiting solutions, mission design, and engineering services. The company serves a range of clients, including low-Earth orbit satellite operators, Indian defense agencies, and global satellite manufacturers, positioning itself as a leader in green space propulsion.

What company datasets say Manastu Space raised

Funding, as reported

Reported in all6Min the source's currency
Rounds2
Last roundSeed
Last round size3M
Last round dateOct 2023
Investors listed14

Founders and team

From Manastu Space's own website: 2 founders.

Tushar JadhavCo-Founder & CEO
Ashtesh KumarCo-Founder & CTO

AdvisersC PaulmonyDr. Parag Bhargava

On 4 portfolio pages

Investors who name them

Each firm lists Manastu Space on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

space industry solutionshydrogen-peroxide fuelspecific impulsespace industry investmentenergy-efficient propulsionspace traffic management systemin-orbit fuel stationsfuel station in spacedistributionnavigation guidancemanufacturingcollision detection systemsin-space refueling servicesaffordable satellite thrustersorbital debris reductionspace industry research

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Sector
Defense & space
Industry code
NAICS 336419, SIC 3764, 3761
Region
Maharashtra
Revenue
28.6M a year, as listed
Full record
Every detail in the company directory

Defense & space in India

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