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Aerospace, Maritime and Defense Tech Series A Founded 2017

Manastu Space

Manastu Space is a space technology company that develops green propulsion systems and debris collision avoidance technology for satellites and launch vehicles, aiming to make space safer and more sustainable by replacing toxic hydrazine-based fuels with proprietary non-toxic alternatives. The company's product portfolio includes four propulsion systems: GP-LAM, a 300N thruster using non-toxic MS289 green propellant…

📍 Mumbai, India · Space Tech

Funding snapshot

Last roundSeries A
Amount$3M
Date12 August 2025
Total raised$7M
Valuation11,122,747 (Jun 26, 2024)
Team size94

About

Manastu Space is a space technology company that develops green propulsion systems and debris collision avoidance technology for satellites and launch vehicles, aiming to make space safer and more sustainable by replacing toxic hydrazine-based fuels with proprietary non-toxic alternatives. The company's product portfolio includes four propulsion systems: GP-LAM, a 300N thruster using non-toxic MS289 green propellant for upper stages of launch vehicles, orbital transfer vehicles, and GEO spacecraft, enabling LEO circularization, GTO-GEO transfer, trajectory correction, and collision avoidance; I-Booster, a customizable green propulsion system for 100-500kg satellites in LEO with debris collision avoidance capability (TRL 7); Vyom 2U, a modular plug-and-play green propulsion system for satellites up to 100kg that has been space-tested (TRL 8); and Sharanga, a micro-propulsion solution with 1-10mN thrust for CubeSats up to 50kg using non-carcinogenic High-Test Peroxide monopropellant (TRL 7). The company's innovation centers on MS289, a proprietary hydrogen peroxide-alcohol propellant with specialized additives for enhanced efficiency and safety; an advanced combustion chamber optimized for the green propellant; and an ultra-high-temperature ceramic catalyst operating at 1400°C to decompose hydrogen peroxide and ignite alcohol fuel, generating clean thrust through steam and carbon dioxide. Manastu Space's systems support debris collision avoidance maneuvers, station keeping, atmospheric drag compensation, and controlled de-orbiting. The company successfully tested its green propulsion system in orbit on ISRO's PSLV Orbital Experimental Module and partners with TakeMe2Space, Akashalabdhi, DRDO, and GATIsat. Founded in 2017 and headquartered in Mumbai, India, Manastu Space has raised $6.7M in Series A funding from investors including Shell E4, Shell, Capital 2B, BIG Capital, E2MC, Wealthyvia, Roots Ventures, Atomberg, Spectrum Impact, sanchiconnect.tech, Astra Family Trust, Indian Angel Network, Dhruva Space, Nami Capital, Ayodhya Finlease, Texport, Oswaal Books, Rsm Super Metals, Riceberg Ventures, and Haystack.

Business model

Space Tech > Support Engineering > Satellite Components > Propulsion Systems

Team background

College Wise > IIT Bombay

Institutional investors

Shell E4 Shell Capital 2B BIG Capital E2MC Wealthyvia Roots Ventures Atomberg Spectrum Impact sanchiconnect.tech Astra Family Trust Indian Angel Network Dhruva Space Nami Capital Ayodhya Finlease

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