The Mumbai-based startup aims to deploy the fresh funds to space-qualify its proprietary technologies within the next 12 months, grow its high-performance engineering team, and accelerate the deployment of satellite life-extension platforms in global markets.
The round also saw participation from Lucky Investment, Speciale Invest, Tenacity Ventures, and Singularity AMC, taking QNu's total funding to USD 20 million to date.
The new funding will drive ePlane's global certification, accelerate commercialisation, support eVTOL aircraft development, enable mid-2025 flight testing, expand drone tech, and enhance prototyping for international standards compliance.
The latest funding will accelerate GalaxEye's plans to launch a high-resolution, all-weather satellite in 2025, providing crucial multi-sensor data for industries such as defense, agriculture, and insurance.
CynLr's new funding will expand its team and supply chain, enhancing hardware and software to improve customer experience and reduce costs, boosting operational efficiency and product reliability.
The capital raised will primarily be used to launch the company's first satellite, known as the "Drishti Mission," and to advance their multi-sensor payload technology.
According to Vishesh Rajaram, Managing Partner of Speciale Invest, "We prefer to be the first institutional VC investor in the startup and preferably lead the round."
The funding raised by Looppanel will be used to grow the team as the startup adds new capabilities to the product and expand presence in US and European markets