Orbitt Space raises $1 Mn in pre-seed round led by pi Ventures

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Here’s a structured list based on the information provided:

Startup Information

  • Startup Name: Orbitt Space
  • Founded: Early 2025
  • Founders:
    • Christopher Parmar
    • Anupam Kumar

Fundraising Round

  • Fundraise Amount: $1 million
  • Series: Pre-seed
  • Date: (Exact date not provided; indicated as "early 2025")

Investors

  • Lead Investor: pi Ventures
  • Participating Investor: IIMA Ventures

Purpose of Funding

  • Advance product design
  • Expand Orbitt’s engineering team
  • Begin prototype testing of propulsion and avionics systems

Additional Details

  • Focus: Air-breathing electric propulsion system and high-agility satellite bus for Ultra Low Earth Orbit (ULEO) missions
  • Key Features of ULEO:
    • Defined as orbits below 250 km
    • Advantages: Sharper imaging, lower latency, reduced radiation exposure
    • Challenges: High atmospheric drag
  • Solution: Use of residual atmospheric gases as propellant for sustainable operations without onboard fuel

Feel free to ask for more details or specific information!

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2025-05-28 05:20:23