HYDERABAD: Cosmoserve Space, a Hyderabad startup working on space-debris removal and in-orbit satellite servicing, has raised $6 million in a seed round. Japan's Rebright Partners took part along with Aranya Holdings, Naandi Ventures, existing investor AUM Ventures and Shakti VC, taking the company's total funding past $9 million.

Base 1

The company has opened a facility in the city called Base 1, which it says will support spacecraft capture, robotics, satellite integration, clean-room work and mission control. Cosmoserve was founded in 2025 by Chiranjeevi Phanindra, a former ISRO professional.

Track record and next steps

  • Its first payload, Mission Embrace, flew on Skyroot Aerospace's Vikram-1 rocket in July 2026; its robotic capture petals did not deploy as planned.
  • A second technology demonstration is planned by mid-2027 and a first commercial mission in early 2028.
  • The company projects its approach could cut servicing costs from about $10 million to under $1 million per satellite.