SpaceTech startup TakeMe2Space (TM2S) has raised Rs 5.5 crore in a pre-seed funding round, led by Seafund. Other participants in the round include Blume Ventures, Artha Venture Fund, AC Ventures and several prominent angel investors, according to a statement.
The company intends to use the funds for the launch of its first mission, MOI-1, which aims to establish India’s first AI laboratory in space. This follows the successful completion of two space missions in collaboration with ISRO’s POEM platform. During these missions, TakeMe2Space demonstrated a new radiation shielding coat for satellites, said the company.
Founded in 2024 by Ronak Kumar Samantray, TakeMe2Space is focused on transforming satellite applications by addressing data processing challenges directly in space. The startup aims to make space research more accessible and democratise space exploration, with a particular focus on strengthening domestic capabilities in radiation shielding, propulsion systems and inter-satellite communications.
Speaking on the fundraising, Manoj Kumar Agarwal, Managing Partner at Seafund, said, “As a deep tech-focused fund, we believe emerging technologies like space tech have the ability to unlock highly impactful solutions at scale. The Indian space industry has witnessed remarkable technological accomplishments, and with the Indian Government’s various initiatives and policy schemes to augment capabilities in space technology development, the sector is poised for further growth.”
“TakeMe2Space has been working tirelessly on its upcoming MOI-1 launch, which will be a game-changer for building data centres in space. The funding will enable the company to scale to the next stage and expand its satellite subsystems globally,” Agarwal said.
The company is also focused on acquiring early customers for the AI-lab aboard MOI-1, ensuring that over 15 clients can smoothly run orbital applications. In the short term, TakeMe2Space’s go-to-market strategy will concentrate on increasing adoption of its satellite subsystems in India, Australia and Europe, said the spacetech startup.
In the past year, TakeMe2Space has grown its team to more than 17 members. The engineering team has developed over 15 satellite sensors and subsystems. Some of the key technical achievements of the company include the successful execution of its AI technology in space.
During the MOI-TD mission, the company said it demonstrated the ability to uplink large AI models from a ground station, execute external code on the satellite and securely downlink encoded and encrypted results. Additionally, the mission validated critical subsystems, including sensors, actuators and computing infrastructure, which are key to satellite operations.
Key subsystems tested included Sun Sensors, Horizon Sensors, Solar Cells, IMUs, MagnetoTorquers, AirTorquers and Reaction Wheels, along with the Zero Cube AI Accelerator and POEM Adapter Board. The AI payload executed several real-time processing tasks, successfully demonstrating the satellite’s capacity to process Earth observation data in orbit.
Ronak Kumar Samantray, Founder and CEO, TakeMe2Space, said, “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 expand our AI Lab to more customers globally.”
The company aims to scale its operations, expand its product portfolio, enhance its research and development efforts and drive customer acquisition in the coming years. Over the next 12 months, TakeMe2Space expects to double its revenues.
The Indian spacetech sector is seeing significant growth, driven by technological advancements and government support, according to Invest India.
