+
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 to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?