# NewSpace Research and Technologies, Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newspace-research-and-technologies-pvt

- Industry: Aerospace
- Headquarters: Bangalore, India
- Website: www.newspace.co.in
- Total disclosed funding: $20M
- Latest round: Series A (Mar 25, 2022)
- Investors on record: 3

## About

Based in Karnataka, India, and founded in 2018, NewSpace Research and Technologies Pvt Ltd. designs and develops persistent drones for earth observation and Communications. The company was co-founded by Sameer Joshi (CEO) and Julius Amrit (COO). In August 2024, NewSpace Research and Technologies Pvt Ltd. raised INR 36 million in pre-series B1 funding from Trifecta Capital. The company provides aerospace technology services including unmanned air systems, collective robotics, GPS denied operations, augmented reality, virtual reality, machine learning, and artificial intelligence. The firm develops a High-Altitude Pseudo-Satellite (HAPS) which is an unmanned aircraft that operates at altitudes over 65,000 feet and can conduct surveillance operations by staying airborne for months. The company will use the August 2024 funding for operational expenses, working capital, and capital expenditure to expand its UAV portfolio.

## Funding rounds

- Series A, Mar 25, 2022, $20M — Pavestone Capital, Kiran Vyapar, QRG Investments and Holdings

## Investors

- Pavestone Capital (https://capitalatlas.ai/funds/pavestone-capital) — Series A
- Kiran Vyapar — Series A
- QRG Investments and Holdings — Series A