Latest news with #VinitBansal
Time of India
2 days ago
- Business
- Time of India
Pixxel, Piersight, Satsure, Dhruva Space join forces: Win IN-SPACe bid for 12-satellite Earth Observation system; all made, launched in India
BENGALURU: In a first for India's space ecosystem, Bengalurubased space startup Pixxel and its partners Piersight Space, Satsure Analytics, and Dhruva Space have won the bid to design, build, and operate the country's first fully indigenous commercial Earth Observation (EO) satellite constellation under the Indian National Space Promotion and Authorisation Centre's (IN-SPACe) Public-Private Partnership (EO-PPP) model. The programme will help reduce India's reliance on foreign sources and ensuredata sovereignty. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru | Gold Rates Today in Bengaluru | Silver Rates Today in Bengaluru The space promoter-cum-regulator on Tuesday said three consortia were shortlisted after rigorous technical evaluation: Astra Microwave Products with Bharat Electronics, Sisir Radar and Spectragaze Systems; GalaxEye Space with CoreEL and PixxelSpace along with its other three partners. Pixxel consortium emerged as the lowest bidder (L1), surpassing the other two by a wide margin. PierSight's cofounder Vinit Bansal confirmed the same without revealing the exact amount of the bid. Pixxel's founder AwaisAhmed declined to disclose the consortium's exact bid value. In a response to ET query, GalaxEye founder, Suyash Singh part of the selected consortium confirmed that their bid value was ₹97 crore. Singh said GalaxEye gearing up for its maiden launch of its EO Drishit satellite was proud to be the youngest company to lead a consortium and qualify technically. Over the next four years, the winning team will invest more than ₹1,200 crore to deploy 12 satellites carrying optical, hyperspectral, and synthetic aperture radar (SAR) sensors. These will provide high-resolution data for agriculture, urban planning, disaster management, climate monitoring, and national security. 'Once operational, it will be among the most advanced EO systems in the world, designed, built, and operated entirely in India by Indian talent,' IN-SPACe said in a statement. The EO constellation will be deployed in a phased manner to ensure continuous service upgrades and expanded coverage. The winning Pixxel-led consortium brings together complementary strengths. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
2 days ago
- Business
- Time of India
Ahmedabad spacetech firm joins consortium for indigenous satellites
1 2 Ahmedabad: India's first fully indigenous commercial earth observation (EO) satellite constellation is taking shape, and Ahmedabad is playing a starring role. PierSight Space, a spacetech firm from the city, has joined a four-member private consortium selected by Indian National Space Promotion and Authorisation Centre (IN-SPACe), under the department of space, to build and operate the network. The Rs 1,200 crore project, under a pioneering public-private partnership (EO-PPP) model, will deploy 12 satellites equipped with synthetic aperture radar (SAR) for round-the-clock imaging in all weather. The consortium is led by PixxelSpace India and also includes Satsure Analytics India and Dhruva Space. Officials of IN-SPACe, headquartered in Ahmedabad, said that for the first time in India's space history, a private grouping will fund, design, build, and operate such a system, with the constellation expected to be launched over the next five years. The resulting EO data will serve critical sectors including climate change monitoring, disaster management, agriculture, infrastructure, marine surveillance, national security, and urban planning, said experts. Gaurav Seth, co-founder and CEO of PierSight, said their primary task will be to develop SAR technology, which allows Earth observation round the clock, in all weather conditions. "This programme ensures that India's critical sectors will no longer have to wait for foreign data or compromise on timelines. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Our constellation will put sovereign EO capabilities into the hands of Indian decision-makers, ensuring security, speed, and self-sufficiency," he said. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Gold Rates Today in Ahmedabad | Silver Rates Today in Ahmedabad Vinit Bansal, PierSight's co-founder and CTO, added that the mission goes beyond capturing images. "The real game-changer will be the context built over time, enabling insights that can drive both public and private sector decisions." Experts point to real-world applications such as mapping flood zones and detecting landslides after a cloudburst, like the recent one in Uttarakhand, or monitoring crops during the monsoon when cloud cover hampers optical satellites. SAR data can also support industries such as mining, infrastructure, and logistics, giving both govt and business stakeholders more accurate and timely intelligence. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
2 days ago
- Business
- Time of India
Pixxel-led consortium bags L1 bid in India's first EO-PPP, Rs 1,200 crore project
Academy Empower your mind, elevate your skills In a first for India's space ecosystem, Bengaluru-based space startup Pixxel and its partners Piersight Space Satsure Analytics , and Dhruva Space have won the bid to design, build, and operate the country's first fully indigenous commercial earth observation (EO) satellite constellation under the Indian National Space Promotion and Authorisation Centre's (IN-SPACe) public-private partnership (EO-PPP) programme will help reduce India's reliance on foreign sources and ensure data space promoter-cum-regulator on Tuesday said three consortia were shortlisted after rigorous technical evaluation: Astra Microwave Products with Bharat Electronics, Sisir Radar and Spectragaze Systems, and GalaxEye Space with CoreEL and PixxelSpace , along with its other three Pixxel consortium emerged as the lowest bidder (L1), surpassing the other two by a wide margin. PierSight's cofounder Vinit Bansal confirmed the same without revealing the exact amount of the bid. Pixxel's founder Awais Ahmed declined to disclose the consortium's exact bid a response to an ET query, GalaxEye founder Suyash Singh, part of the selected consortium, confirmed that their bid value was Rs 97 crore. Singh said GalaxEye, which is gearing up for the maiden launch of its EO Drishit satellite, was proud to be the youngest company to lead a consortium and qualify the next four years, the winning team will invest more than Rs 1,200 crore to deploy 12 satellites carrying optical, hyperspectral, and synthetic aperture radar (SAR) sensors. These will provide high-resolution data for agriculture, urban planning, disaster management, climate monitoring, and national security.'Once operational, it will be among the most advanced EO systems in the world, designed, built, and operated entirely in India by Indian talent,' IN-SPACe said in a statement. The EO constellation will be deployed in a phased manner to ensure continuous service upgrades and expanded winning Pixxel-led consortium brings together complementary strengths. 'This PPP is about outcomes and execution speed. Our modular, software-defined radar electronics and deployable antenna heritage let us iterate quickly and align to IN‑SPACe's phased milestones,' Ahmedabad-based PierSight's Bansal known for its hyperspectral imaging expertise, will spearhead satellite design and integration. SatSure will contribute with its knowledge in geospatial analytics and value-added services for sectors such as agriculture and infrastructure, while Dhruva Space will provide its expertise in satellite platform and ground segment solutions.'Operated on a satellite-as-a-service model, the programme will provide guaranteed national access to advanced EO data while leveraging private-sector agility to deliver it at scale,' the winning consortium said in a Goenka, chairman, IN-SPACe, said the initiative signals the coming of age of India's private space industry in the space sector. 'It demonstrates the capability and confidence of Indian companies to lead large-scale, technologically advanced, and commercially viable space missions that serve both national and global markets.'As per a report by market research consulting firm Modor Intelligence, the global EO market is projected to grow from $4.3 billion in 2025 to $5.9 billion by 2030. India's push for EO capability through the EO-PPP aligns with its broader ambitions to scale its space economy from $8.4 billion to $44 billion by 2033.
