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Latest Business News, Business News India Today | The HinduBusinessLine

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IN-SPACe funds 3 startups to develop reusable rocket engi...
By BL Ahmedabad Bureau · 2026-06-11 · via Latest Business News, Business News India Today | The HinduBusinessLine
IN-SPACe has selected three Indian startups under its Technology Adoption Fund to develop critical space technologies, including an 800 kN-class reusable rocket engine, an AI-powered Earth observation foundation model and advanced AI-enabled star tracker systems.

IN-SPACe has selected three Indian startups under its Technology Adoption Fund to develop critical space technologies, including an 800 kN-class reusable rocket engine, an AI-powered Earth observation foundation model and advanced AI-enabled star tracker systems.

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected three startups under its Technology Adoption Fund (TAF) to develop critical space technologies, including a high-thrust reusable rocket engine, an AI-powered Earth observation platform and indigenous satellite navigation systems.

Bengaluru-based Astrobase Space Technologies will develop an 800 kN-class closed-cycle LOX-LNG reusable liquid rocket engine to power next-generation launch vehicles. SatSure Analytics India will build Dhaarini, a large Earth observation foundation model designed to convert satellite data into actionable intelligence for agriculture, infrastructure monitoring and disaster management. Hyderabad-based TM2SPACE Technologies will design AI-enabled star tracker systems for CubeSats and larger satellites to improve orbital positioning precision and mission accuracy.

The projects were selected after a multi-stage evaluation by an expert committee comprising representatives from ISRO, DPIIT, DST, academia and industry, underlining a push to accelerate the commercialisation of advanced space technologies and strengthen India’s private space ecosystem.

Chairman Pawan Goenka said the initiative aims to bridge the gap between early-stage development and commercial deployment, enabling Indian companies to build globally competitive space solutions. Technical directorate head Rajeev Jyoti said the selected proposals address key technology gaps across propulsion, Earth observation analytics and satellite attitude systems, and were chosen from multiple submissions after rigorous evaluation.

The Technology Adoption Fund is designed to provide milestone-based financial support and technical guidance to help Indian companies develop, scale, and commercialise advanced space technologies.

Published on June 11, 2026