12.1 C
Delhi
Monday, February 10, 2025

Jeet Chandan Invests in Manastu Space to Support Space Sustainability Efforts

- Advertisement -spot_img
- Advertisement -spot_img

Jeet Chandan, co-founder of angel investing platform BizDateUp, has made a significant investment in Manastu Space, a leading company focused on space sustainability. Manastu Space is renowned for its green propulsion systems and debris-avoidance technologies, innovations that are crucial as the space industry faces increasing risks from space debris. This investment adds to the growing list of backers for Manastu Space, which has previously secured funding from firms like Capital 2B, BIG Capital, and E2MC.

Manastu Space’s cutting-edge technologies are designed to tackle one of the most pressing challenges in the space sector: space debris. In December 2024, the company successfully tested its green propulsion and debris collision avoidance systems, which enable satellites to avoid collisions, transition between orbits, and deorbit safely at the end of their operational life. As the volume of debris in Earth’s orbit continues to rise, these innovations are seen as key to ensuring the sustainability of space operations and preventing costly damage to valuable satellites.

Jeet Chandan, known for his strategic investments in transformative sectors, highlighted the critical role that sustainability plays in the space industry’s future. “What drew me to invest in Manastu Space was their focus on addressing one of the most critical challenges in the space industry—sustainability,” said Chandan. He praised the company’s work, describing it as not only technologically innovative but also essential for the long-term viability of space activities.

Tushar Jadhav, co-founder of Manastu Space, echoed this sentiment, emphasizing the company’s mission to make space a sustainable environment for all. “We are committed to ensuring that space remains sustainable so its benefits can reach the last person on Earth,” said Jadhav. His comments underscore the company’s focus on making space operations safer and more accessible, while safeguarding the orbital environment for future generations.

BizDateUp, where Chandan serves as co-founder, continues to play a pivotal role in supporting startups addressing global challenges. The platform raised $10 million and funded 25 startups in the fiscal year 2023-24, solidifying its position as a major player in scaling innovative companies. With this new investment in Manastu Space, Chandan’s commitment to fostering sustainable technologies is clear, aligning with BizDateUp’s mission to back ventures that create meaningful change.

This partnership between Jeet Chandan and Manastu Space marks an important step in the drive toward a safer, more sustainable space industry. As global demand for space-based services grows, the need for innovative solutions to manage space debris and protect satellite infrastructure becomes more urgent. Manastu Space’s technologies, now backed by one of India’s leading angel investors, are poised to play a key role in shaping the future of space sustainability.

- Advertisement -spot_img
News Bureau
News Bureauhttps://businessheadline.in
Business Headline is a digital news media organisation which covers news related to Business and Stock Market and Technology related news.
Latest news
- Advertisement -
Related news
- Advertisement -

Leave a reply

Please enter your comment!
Please enter your name here

error: