Photo Credit : shutterstock,
InspeCity, a spacetech startup, has raised USD 1.5 million in a pre-seed funding round led by Speciale Invest, a deep-tech venture capitalist. The round was co-led by Antler India and Veda VC. The round also saw the participation of investors like Anicut Capital and DeVC India, among others.
According to the company, it wants to build advanced autonomous robotic platforms for in-space servicing. The funds will also be used to develop tech stack within the company and attract quality talent to accomplish the mission and vision.
Talking about the funding, Arindrajit Chowdhury, CEO of InspeCity, said, “This will tremendously help us further develop our technology for in-orbit servicing and autonomous robotic platforms. Our vision is to create a new economy in space and build human habitats that transcend the limitations of our current planetary systems.”
Vishesh Rajaram, managing partner at Speciale Invest, said, “The company’s innovative technology, particularly its autonomous robotic platforms and in-orbit servicing capabilities, holds promise for the future of space exploration and development. We have immense confidence in InspeCity’s ability to achieve its goals and are proud to be part of its journey.”
Founded in 2022, InspeCity’s mission is to build the first city in a suitable orbit between the Earth and the moon, addressing the problem of resource scarcity on Earth.