The Indian startup has opened a specialized facility in Hyderabad to develop spacecraft servicing, orbital debris capture and in-space refueling systems.
Cosmoserve Space has raised $6 million in seed funding, bringing its total disclosed financing to more than $9 million.
The round includes Rebright Partners, Aranya Holdings, Naandi Ventures and existing investors.
The announcement was made November 5 alongside the inauguration of Base 1, the company's new research and development facility in Hyderabad.
Founded by former Indian Space Research Organisation scientist Chiranjeevi Phanindra, Cosmoserve is developing technology for removing orbital debris and servicing satellites.
Its systems aim to capture objects in orbit, support spacecraft maintenance and eventually enable operations such as refueling.
Base 1 includes facilities for simulating spacecraft capture, developing space robotics and testing mission systems.
The opportunity comes from the rapid expansion of commercial satellite constellations.
More spacecraft in orbit increase the importance of debris management, satellite life extension and reliable servicing capabilities.
Cosmoserve is pursuing a market in which customers may include satellite operators, government agencies and space infrastructure providers.
However, orbital servicing remains technically complex and commercially immature.
The company must demonstrate that its capture and servicing systems work reliably in space and can be deployed at an economically viable cost.
Its new funding will support technology demonstrations and preparations for future missions.
Cosmoserve is targeting commercial operations by 2028, subject to successful development and testing.
Sources: YourStory · Business Standard