Manastu Space Technologies Private Limited, founded in 2017 and headquartered in Mumbai, India, is a pioneering space safety and logistics company dedicated to mitigating space debris pollution through innovative propulsion solutions.
Mission and Vision:
Manastu Space is committed to safeguarding the trillion-dollar space industry from debris pollution. The company believes that while space holds the potential to solve many of Earth’s challenges, the increasing number of satellites elevates the risk of collisions, leading to hazardous debris. To address this, Manastu Space is developing agile, safe, efficient, and affordable green propulsion systems designed to prevent satellite collisions and minimize debris pollution.
Core Offerings:
- Green Propulsion Systems: In collaboration with IIT Bombay, Manastu is developing propulsion technology that replaces highly toxic and carcinogenic hydrazine with environmentally friendly alternatives. Their proprietary high-temperature catalyst decomposes hydrogen peroxide-based fuel into water vapor and oxygen, ensuring excellent performance and longevity of thrusters.
- Debris Collision Avoidance Systems: The company focuses on technologies that enable satellites to maneuver efficiently, avoiding potential collisions and contributing to a sustainable space environment.
Funding and Growth:
Manastu Space has demonstrated significant growth, raising a total of $3.71 million over eight funding rounds, with the latest seed securing $132,000. The company’s valuation reached $11.1 million as of June 2024, reflecting strong investor confidence.
Team and Collaboration:
The company was co-founded by Tushar Jadhav and Ashtesh Kumar, with Tushar Jadhav serving as the CEO. Manastu Space collaborates with esteemed institutions like IIT Bombay and industry partners such as Shell to advance its technological innovations.
Recent Achievements:
In December 2024, Manastu Space delivered its green propulsion system to the Defence Research and Development Organization (DRDO), marking a significant milestone in the development of indigenous, eco-friendly space technologies.
With a steadfast commitment to innovation and sustainability, Manastu Space is poised to play a pivotal role in ensuring the safety and longevity of space operations, contributing to a cleaner and more secure orbital environment.
