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Space technology startup VestaSpace raises $10 mn from Next Capital LLC

The firm is capable of building small satellite platforms for applications such as communications and earth observation missions, among others

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The company has already been working with ISRO and has aggressive strategic plans to expand globally | Photo: Shutterstock

T E Narasimhan Chennai
Indian space technology startup VestaSpace Technology has received $10 million in funding from American investment and advisory firm Next Capital LLC, which specialises in making small satellite platforms for commercial and scientific applications. The money will enable VestaSpace Technology expand the reach of its innovative solutions across India and the world.

VestaSpace was founded in 2018 by a space engineer, Arun Kumar Sureban, as an off-beat venture, to help startups and mid-size businesses access the benefits of using small satellites, satellite communication, sensors, and connected devices.

The firm is capable of building small satellite platforms for applications such as communications and