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Hyderabad Startup Eon Space Labs Scores 12 Mn For Indias Lightest Space Telescope
Hyderabad-based EON Space Labs has secured $1.2 million in pre-series A funding, led by MGF Kavachh with HHV Advanced Technologies joining as an investor and strategic partner. The investment is expected to play a crucial role in the launch of India’s lightest space telescope, MIRA, by the end of 2025.
EON Space Labs was founded in 2022 by a team of experts in miniaturized optics, high-resolution imaging, and dual-use payload systems. The startup has been working tirelessly to develop cutting-edge technologies that can be applied across various applications, including satellite imaging, drone surveillance, and ground-based platforms.
The $1.2 million investment will enable the company to accelerate its research and development efforts in several key areas. According to Sanjay Kumar, co-founder of EON Space Labs, the funding will help the team make significant strides towards achieving its goal of making India a major player in the global space tech industry. “Together, we will accelerate India’s capabilities in miniaturized optics, high-resolution imaging, and dual-use payload systems,” he said.
EON Space Labs is working on several projects that leverage its expertise in miniaturized optics and payload development. One of the most notable projects is MIRA (Miniaturized Imaging Reconfigurable Array), India’s lightest space telescope to date. Weighing a mere 1 kilogram, MIRA is designed to provide high-resolution imaging capabilities with unparalleled sensitivity.
MIRA utilizes advanced miniaturized optics and payload systems developed by EON Space Labs. The telescope is designed to provide high-resolution imaging capabilities with unprecedented sensitivity, making it an ideal platform for Earth observation, astronomical research, and surveillance.
The development of MIRA marks a significant milestone in India’s space tech industry, as the country continues to push the boundaries of what is possible in terms of miniaturized optics and payload systems. EON Space Labs’ achievements are not limited to MIRA alone; the company has also developed several advanced imaging systems for drones and ground-based platforms.
MGF Kavachh sees significant potential in EON Space Labs, stating that they believe the startup has tremendous growth potential. “Their commitment to developing cutting-edge technologies aligns with our company’s values,” said a spokesperson for MGF Kavachh. HHV Advanced Technologies also joined the funding round as an investor and strategic partner.
Rohit Agrawal, CEO of HHV Advanced Technologies, praised EON Space Labs’ innovative spirit and commitment to developing advanced imaging systems. “EON Space Labs has shown remarkable potential in developing miniaturized optics and payload development,” he said.
The funding round marks the company’s entry into the pre-series A stage of its growth journey. The startup has already made significant progress in developing advanced imaging systems and payloads, and this investment will enable it to take its development efforts to new heights.
As India continues to push the boundaries of what is possible in terms of space tech innovation, EON Space Labs’ achievements serve as a testament to the country’s growing capabilities. With MIRA and several other projects in various stages of development, EON Space Labs is poised to play a significant role in shaping India’s future in the global space tech industry.
EON Space Labs’ commitment to developing cutting-edge technologies that can be applied across various applications has caught the attention of investors and experts alike. As the company continues to grow and expand its operations, it remains to be seen what other innovative projects will emerge from this Hyderabad-based startup.