Dhruva Space Secures Funding for Space Expansion

Dhruva Space, a space engineering solutions provider based in Hyderabad, has successfully closed its Series A funding at ₹123 crore. The funding, which includes equity and debt, will support the industrialization and manufacturing of Dhruva Space’s full-stack products, enabling team growth, capability development, and international expansion. With the increasing demand for satellites and satellite-enabled services globally, the funding will play a crucial role in fueling the company's growth and development. The funding round saw significant participation from Indian Angel Network Alpha Fund, Blue Ashva Capital, Silverneedle Ventures, and other investors. Dhruva Space has launched multiple payloads in recent years, showcasing its capabilities and business engagements worldwide. The company's focus on providing cohesive technology solutions for space exploration has garnered international recognition and positioned it for future success. The funding will also support the development of a spacecraft manufacturing facility in Telangana, further solidifying Dhruva Space's presence in the space industry. This funding milestone comes at a time when the government is actively promoting spacetech startups, highlighting the potential for growth and innovation in the sector. Dhruva Space's commitment to advancing space technology and expanding its offerings underscores its dedication to shaping the future of space exploration.