SatLeo Labs raises US$3.3 million to fuel India’s thermal space tech
Technology

SatLeo Labs raises US$3.3 million to fuel India’s thermal space tech

SatLeo Labs, a space-tech startup focused on capturing high-resolution thermal and visible data from Low Earth Orbit (LEO), has raised USD 3.3 million in its pre-seed funding round. The round was led by Merak Ventures, with participation from Huddle Ventures, GVFL, Java Capital, IIMA Ventures, PointOne Capital, and angel investors Manish Gandhi and Dheer Baldua.

The funding will be used to accelerate the development of SatLeo Labs’ proprietary thermal imaging payload, conduct key feasibility studies, and secure regulatory approvals. It will also support team expansion, infrastructure setup, and pilot testing to validate the company’s technology and strengthen industry partnerships.

“Each 1°C rise in temperature can reduce global GDP by up to 10%. Our thermal data helps detect risks before they turn into billion-dollar losses — from crop failures to wildfires. At SatLeo, we’re transforming space data into real-world resilience,” said Shravan Bhati, Co-founder & CEO of SatLeo Labs.

“Earth Observation (EO) data is projected to exceed USD 700 billion by 2030, contributing USD 3.8 trillion to global GDP. Beyond economics, thermal EO can help cut 2 Gigatonnes of GHG emissions annually and drive nature-positive action,” added Urmil Bakhai, Co-founder & CSO.

Dr. Ranendu Ghosh, Co-founder & CTO, stated, “We are pioneering a dual-band, high-resolution thermal payload designed for fused multispectral imaging—empowering sustainable solutions across agriculture, environmental conservation, climate-resilient urban planning, and strategic defence.”

SatLeo Labs has already secured over USD 25 million in Letters of Intent (LOIs) from potential clients. With an experienced team, including former ISRO scientists, and collaborations with ISRO and IN-SPACe, the startup is well-positioned to disrupt the geospatial analytics sector with its cutting-edge thermal imaging technology.

“Our investment in SatLeo Labs is rooted in a clear thesis – thermal imagery from space is still vastly underutilised, and its commercial applications are only set to grow in ways we may not yet fully grasp. We’re backing them for a genuine tech breakthrough that makes thermal data more useful, accessible, and affordable. Just as importantly, they bring a rare combination of DeepTech expertise and real-world application insights,” said Sheetal Bahl, Partner at Merak Ventures.

SatLeo Labs aims to launch its first thermal imaging satellite soon, strengthening India’s position in commercial space technology and targeting global markets.

SatLeo Labs, a space-tech startup focused on capturing high-resolution thermal and visible data from Low Earth Orbit (LEO), has raised USD 3.3 million in its pre-seed funding round. The round was led by Merak Ventures, with participation from Huddle Ventures, GVFL, Java Capital, IIMA Ventures, PointOne Capital, and angel investors Manish Gandhi and Dheer Baldua. The funding will be used to accelerate the development of SatLeo Labs’ proprietary thermal imaging payload, conduct key feasibility studies, and secure regulatory approvals. It will also support team expansion, infrastructure setup, and pilot testing to validate the company’s technology and strengthen industry partnerships. “Each 1°C rise in temperature can reduce global GDP by up to 10%. Our thermal data helps detect risks before they turn into billion-dollar losses — from crop failures to wildfires. At SatLeo, we’re transforming space data into real-world resilience,” said Shravan Bhati, Co-founder & CEO of SatLeo Labs. “Earth Observation (EO) data is projected to exceed USD 700 billion by 2030, contributing USD 3.8 trillion to global GDP. Beyond economics, thermal EO can help cut 2 Gigatonnes of GHG emissions annually and drive nature-positive action,” added Urmil Bakhai, Co-founder & CSO. Dr. Ranendu Ghosh, Co-founder & CTO, stated, “We are pioneering a dual-band, high-resolution thermal payload designed for fused multispectral imaging—empowering sustainable solutions across agriculture, environmental conservation, climate-resilient urban planning, and strategic defence.” SatLeo Labs has already secured over USD 25 million in Letters of Intent (LOIs) from potential clients. With an experienced team, including former ISRO scientists, and collaborations with ISRO and IN-SPACe, the startup is well-positioned to disrupt the geospatial analytics sector with its cutting-edge thermal imaging technology. “Our investment in SatLeo Labs is rooted in a clear thesis – thermal imagery from space is still vastly underutilised, and its commercial applications are only set to grow in ways we may not yet fully grasp. We’re backing them for a genuine tech breakthrough that makes thermal data more useful, accessible, and affordable. Just as importantly, they bring a rare combination of DeepTech expertise and real-world application insights,” said Sheetal Bahl, Partner at Merak Ventures. SatLeo Labs aims to launch its first thermal imaging satellite soon, strengthening India’s position in commercial space technology and targeting global markets.

Next Story
Infrastructure Urban

India Warehousing Show Concludes with Record Participation

The 14th edition of the India Warehousing Show (IWS) 2025 wrapped up successfully at Yashobhoomi (IICC), Dwarka, drawing over 300 exhibitors from 15 countries and welcoming more than 15,000 visitors from India and abroad. As the country’s leading platform for warehousing and supply-chain excellence, the event highlighted cutting-edge technologies, sustainable solutions, and new product innovations that are reshaping the logistics sector.The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India, who delivered a ..

Next Story
Infrastructure Urban

Hindustan Zinc Launches Inclusive Language Guide to Promote Workplace Diversity

Udaipur, 3rd July 2025: Hindustan Zinc Limited (NSE: HINDZINC), the world’s largest integrated zinc producer, has made a significant stride towards enhancing workplace equity with the launch of its Guidebook to Inclusive Language. This move underscores the company’s strong commitment to creating a respectful, diverse, and inclusive work environment. The guidebook serves as a framework to encourage inclusive communication, promote sensitivity towards various communities, and support equitable practices throughout the organization.The Guidebook was launched on Hindustan Zinc’s homegrown #Z..

Next Story
Infrastructure Urban

BharatBenz Launches New Mining Range to Support India’s Infra Growth

Chennai, India: The Indian construction and mining equipment sector is set to grow significantly, projected to increase from $16 billion to $45 billion by 2030. To support this expansion, Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck AG, has launched its all-new BharatBenz Construction and Mining range. This range includes the HX and Torqshift series models, designed to meet the critical demand for reliable, high-performance vehicles as large contractors modernise their fleets and invest in owned assets.The HX and Torqshift series have undergone rigorous ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?