Most satellites do not die because they break. They die because the propellant runs out. The electronics still work, the solar panels still generate, the payload still functions, and the operator pushes the whole thing into a graveyard orbit because there is no way to put fuel back in. InspeCityis building the machines that would. On27 August 2026the Thane company raised₹100 crore, about$10.5 million, in a pre-Series A round led bySpeciale InvestandAshish Kacholia, with Antler Elevate, Antler India, Manish Gandhi and Shastra VC joining. That takes InspeCity's total equity funding to roughly$17.7 million, close to ₹156 crore, across three rounds since April 2023. Separately, the government'siDEXprogramme put$3 millioninto the company in May 2025. Between April 2023 and March 2025 the post-money went from roughly $4.8 million to $28.5 million, a step-up of about5.9 times. For deep tech hardware, where the gap between a working prototype and a qualified flight article usually swallows years, that is a fast repricing. Three investors have been in every equity round since the beginning:Speciale Invest,AntlerandShastra. Kacholia came in at the March 2025 round and has now co-led this one. He has been backing Indiandeep techhardware beyond space as well, including a $10 million Series A into fabless semiconductor company Vervesemi. Vishesh Rajaram, Managing Partner, Speciale Invest: InspeCity has broken satellite servicing into four separate problems, each with its own hardware: Those stack into three progressively harder platforms: RIG for remote inspection, VEDA for life-extension and deorbiting, and SAMA for maintenance. The sequencing matters, because each capability is a prerequisite for the next. You cannot refuel a satellite you cannot dock with, you cannot dock with one you cannot approach precisely, and you cannot approach one you cannot reach. Prof. Arindrajit Chowdhury, Founder and CEO, InspeCity: The money funds four in-orbit missions over the next 12 to 18 months, across the RIG-X, VEDA-X and SAMA-X roadmap. That is the number that carries the risk. Space hardware is unusual in that it either works on orbit or it does not, and there is no partial credit and no patching it afterwards. Four flights inside eighteen months is an aggressive cadence for a company that has not yet flown its integrated stack, and it is also the only way to convert a laboratory argument into something a satellite operator will buy. Everything else in this announcement, the propulsion sales, the engineering hires, the roadmap beyond VEDA, is downstream of whether those four missions do what they are supposed to. Ashish Kacholia, Founder, Lucky Investment Managers: InspeCity will not wait for VEDA to sell anything. It is scaling commercial deployment of GITA propulsion systems and RIG-based inspection to satellite customers now, which is the sensible order: propulsion is a component other people's spacecraft need today, and it funds the harder work. Money has been rea
