Spacetech startup TakeMe2Space raises Rs 5.5 crore in pre-Seed round led by Seafund

Spacetech startup TakeMe2Space has raised Rs 5.5 crore in a pre-seed funding round led by Seafund. The round also saw participation from Blume Ventures, Artha Venture Fund, AC Ventures, and other marquee angels.

The startup plans to use the funds raised to launch MOI-1, India's first AI laboratory in space. It has successfully finished two space missions in collaboration with ISRO’s POEM platform. TM2S demonstrated a novel radiation shielding coat.

Redefining satellite applications

Founded in 2024 by Ronak Kumar Samantray, TakeMe2Space redefines satellite applications by addressing data processing challenges directly in space. The startup aims to provide accessible space research opportunities and democratize space exploration by emphasising on enhancing domestic capabilities in radiation shielding, propulsion systems, and inter-satellite communications, which collectively will further empower the sector.

"TakeMe2Space is on a mission to democratise space for all. This funding is a testament to our team’s dedication and the impact we are creating in the space tech industry. With the support of our investors, we are excited to accelerate our growth and the first AI Lab to more customers globally," said Ronak Kumar Samantray, Founder & CEO, TakeMe2Space

Doubling down on adoption of TM2S

TakeMe2Space with its upcoming MOI-1 launch will focus to ensure the 15+ early customers for AI-lab have a smooth experience of running their orbital applications. In the short term, the startup's GTM would be focused on doubling down on adoption of TM2S developed satellite subsystems in India, Australia and Europe, the release notes.

In the last 12 months, TakeME2Space has expanded to a team of 17+ members. The startup's robust engineering staff has built over 15 satellite sensors and subsystems.

"The Indian space industry has witnessed remarkable technological accomplishments. With the Indian Government’s various initiatives and policy schemes to augment the capabilities in Space technology development will further boost the sector. TakeMe2Space has been working tirelessly with its upcoming MOI-1 launch which will be a game changer towards building data centres in space. The funding will help the company scale to the next stage and also expand its satellite subsystems on a global level," said Manoj Kumar Agarwal, Managing Partner, Seafund.

Aiming for further expansion

TakeMe2Space aims to scale operations, launch in new regions, expand its product portfolio, strengthen R&D, and drive customer acquisition.

Over the next 12 months, the startup expects to double its revenues.

According to INVEST INDIA India’s SpaceTech sector is rapidly expanding, driven by technological advancements and government support, with immense potential for growth and global collaboration.