India, Aug. 12 -- Mumbai-based spacetech startup Manastu Space Technologies has raised $3 Mn (around INR 26 Cr) in an extended Series A funding round led by Capital-A.

The round also saw participation from Capital 2B, Indian Angel Network (IAN), E2MC, Bhagnani family office and other angel investors.

The fresh proceeds will help the startup to commercially roll out its green propulsion and debris-avoidance system. Besides, the capital will also help it in developing other technologies such as satellite refuelling, deorbiting and mission life extension.

Lodha Capital acted as the facilitator for the fundraise, with Manastu aiming to complete its full Series A funding round by mid-2025.

Manastu also aims to focus on expanding its servic...