EON Space Labs, a deeptech startup specialising in imaging technologies, has raised $1.2 million (approx ₹10.5 crore) in a pre-Series A funding round led by MGF Kavachh. The round also saw participation from HHV Advanced Technologies, which also joined as a long-term strategic partner.
The funds raised will be used to scale manufacturing of EON’s AI-driven electro-optical and infrared payloads, expand the engineering team, and support upcoming product launches. The startup is also gearing up for the launch of its first ultra-lightweight space telescope, MIRA, by the end of 2025.
Founded in 2022 by Sanjay Kumar, Punit Badeka, and Manoj Kumar Gaddam, EON Space Labs is a Hyderabad-based, IIT Madras-incubated deeptech startup developing next-generation Earth Observation (EO) imaging payloads for satellites, drones, and ground systems.
EON designs and manufactures miniaturised high-resolution electro-optic and infrared (EO/IR) systems that are up to three times lighter and more compact than conventional payloads, reducing deployment costs without compromising image quality.
EON is building miniaturised, high-resolution imaging systems for use in satellites, drones, aerial systems and fixed ground platforms. Its flagship products, the MIRA space telescope, is under validation, and the LUMIRA EO/IR platform has been certified to military standards.
EON’s vertically integrated model, from optical design to in-house prototyping and manufacturing, ensures speed, precision, and control across the entire value chain.
SanjayKumar, Co-founder, EON Space Labs, said, “Together, we will accelerate India’s capabilities in miniaturised optics, high-res imaging, and dual-use payload systems space and terrestrial use.”
Punit Badeka, Co-founder, EON Space Labs, said, “We are building high-quality EO tools that are easy to access and use, so more people can benefit from accurate and timely information.”
Manoj Kumar Gaddam, Co-founder, EON Space Labs, said, “With the support of our strategic investors, we are one step closer to creating a globally competitive optical payload ecosystem.”
Col. (Rtd.) Sarjeet Yadav, Venture Partner at MountTech Kavachh, said, “We are excited to support the bold and visionary team at EON. They are not only indigenously building but also strengthening India’s position in the global optics and surveillance technology space.”
Prasanth Sakhamuri, Managing Director, HHV Advanced Technologies, said, “Our partnership with EON is built on a shared commitment to advance India’s high-precision optics manufacturing capabilities. The investment marks the beginning of a strategic collaboration to bring deep-tech imaging solutions to market.”
