Hyderabad-based deeptech startup EON Space Labs has raised $1.2 million (approx ₹10.5 crore) in a pre-Series A funding round led by MGF Kavachh, with participation from HHV Advanced Technologies. HHV has also joined as a long-term strategic partner, the startup confirmed in a press release.
The funds will be used to scale manufacturing of AI-driven electro-optical and infrared (EO/IR) payloads, strengthen the engineering team, and support the launch of new imaging systems, including India’s lightest space telescope, MIRA. Additionally, EON is preparing to introduce four new variants of its LUMIRA EO/IR platforms designed for surveillance via drones and ground systems.
EON Space Labs was founded in 2022 by Sanjay Kumar, Punit Badeka, and Manoj Kumar Gaddam. The company is incubated at IIT Madras and specialises in developing next-generation Earth Observation (EO) imaging payloads for satellites, drones, and ground-based platforms.
The company designs and manufactures high-resolution, miniaturised EO/IR systems that are up to three times lighter and more compact than conventional payloads—significantly reducing deployment costs without compromising image quality.
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EON’s flagship products include the MIRA space telescope, currently under validation, and the LUMIRA platform, which has been certified to military standards. Its fully vertically integrated operations—spanning optical design, system engineering, and in-house prototyping—are aimed at strengthening India’s indigenous capabilities in aerospace and defense technologies.
With successful proof-of-concept demonstrations and multiple commercial orders secured, EON is now targeting global markets. The upcoming LUMIRA variants aim to address up to 85% of global EO/IR surveillance use cases. The global EO/IR imaging market is valued at over $11 billion, according to an EY report.
