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InspeCity Raises USD 5.6 Mn Round Led by Ashish Kacholia to Scale Satellite Life-Extension Tech

InspeCity Raises USD 5.6 Mn Round Led by Ashish Kacholia to Scale Satellite Life-Extension Tech

Entrepreneur07-05-2025
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.
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Spacetech startup InspeCity has raised USD 5.6 million (INR 46 crore) in its Seed funding round led by Ashish Kacholia, with participation from Speciale Invest, Shastra VC, Antler India, DeVC, MGF-Kavachh, and Anicut Capital.
The funding will be deployed 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.
Founded in 2022 by Prof Arindrajit Chowdhury, a professor at IIT Bombay, along with other IIT Bombay alumni, Mumbai-based InspeCity is developing in-space servicing, assembly, and manufacturing (ISAM) solutions. Its flagship offering, VEDA (Vehicle for Life Extension and De-orbiting Activities), integrates propulsion systems, robotic arms, and RPOD (Rendezvous, Proximity Operations, and Docking) technologies. A demo mission for VEDA is planned for 2027.
"Our mission is to redefine the economics and sustainability of satellite operations," said Prof Chowdhury. "By extending the lifespan of on-orbit assets and reducing orbital debris, we unlock a cleaner, more sustainable, and cost-efficient future for space. This capital infusion validates our unique approach and fast-tracks our journey to market leadership in satellite life-extension."
The startup aims to provide lower-cost, fully integrated life-extension services as an alternative to global ISAM providers. It has already achieved key technical milestones, including wins in India's iDEX defence innovation challenges, and signed an MoU with Japan's Orbital Lasers to explore laser-based space debris removal. While the US and Europe remain core markets, InspeCity also sees strong opportunities in Southeast Asia and West Asia.
Vishesh Rajaram, Managing Partner at Speciale Invest, said, "InspeCity represents the next wave of Indian deeptech: visionary, globally relevant, and deeply technical… uniquely positioned to lead the charge in orbital sustainability."
Ashish Kacholia added, "InspeCity's bold vision for satellite life-extension… backed by a fully integrated stack of propulsion, robotics, and sensing technologies, positions them to become a global leader in in-orbit servicing."
With this milestone round, InspeCity emerges as India's first vertically integrated platform for satellite life-extension, targeting the USD 14 billion ISAM market, and solidifying its place in the future of sustainable space infrastructure.
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Global Prefabricated Building and Structural Steel Market Size/Share Worth USD 381.8 Billion by 2034 at a 5.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT)
Global Prefabricated Building and Structural Steel Market Size/Share Worth USD 381.8 Billion by 2034 at a 5.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT)

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Global Prefabricated Building and Structural Steel Market Size/Share Worth USD 381.8 Billion by 2034 at a 5.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT)

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Livingstone gets another $10 million, claims premier private HBCU in NC
Livingstone gets another $10 million, claims premier private HBCU in NC

Miami Herald

timean hour ago

  • Miami Herald

Livingstone gets another $10 million, claims premier private HBCU in NC

SALISBURY, NC - Livingstone College has made waves in the HBCU world and by big contributions from an anonymous donor. Add another one to the total. For the third time in just over a year, Livingstone College has received a $10 million donation from a sole anonymous benefactor-further fueling its push to be recognized as the premier private HBCU in North Carolina. The Salisbury-based HBCU has now secured more than $60 million from the same donor, a level of philanthropic support unmatched by any other private HBCU in the state. President Dr. Anthony J. Davis calls the series of gifts part of the "Miracle on Monroe Street," a multi-phase campus transformation that has already modernized key facilities and is poised to expand even further. "Everyone can look and see that we've invested every dollar, every dime into renovating this campus," Davis said. "Now we are the premier private HBCU in North Carolina, creating an experience that is second to none for our students." Philanthropy Driving Growth The latest gift will help advance the next stages of campus revitalization, including planned upgrades to Goler Hall and Honors Hall. Combined with more than $40 million in private fundraising over the past two fiscal years, these investments have positioned Livingstone to grow faster than any other private HBCU in the state. Enrollment has surged from 221 freshmen just two years ago to an expected 500 this fall, with overall growth creating new housing and facilities needs. "We're one of the fastest-growing HBCUs in the country," Davis said. "It's a good problem to have, but it means we have to think creatively about how to house our students." Retention Through Student Experience Among the most visible recent upgrades is Aggrey Cafeteria, now transformed into the Luxe Life Café and operated by Thompson Hospitality. Davis frames the dining overhaul as a central piece of the college's retention strategy, alongside residential improvements. "It's part of our retention model-creating a student experience that is second to none," he said. "While we're enhancing the student experience, we take care of where they sleep and where they eat. They want to be here at Livingstone College." That approach is producing results. Livingstone boasts a 92 percent return rate for upperclassmen and a 78 percent freshman retention rate. Those figures compare favorably with top-tier institutions, public or private. Defining the Premier Private HBCU Making the claim to be the premier private HBCU in North Carolina is no small feat. That landscape that includes Johnson C. Smith, Bennett College, Shaw University and Saint Augustine's University. Livingstone's mix of bold fundraising, rapid enrollment growth, and student-focused upgrades is setting a new standard. As the "Miracle on Monroe Street" continues, Davis and his team are aiming to ensure the college's place at the forefront of North Carolina's private HBCUs for years to come. The post Livingstone gets another $10 million, claims premier private HBCU in NC appeared first on HBCU Gameday. Copyright HBCU Gameday 2012-2025

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