OXG Space Raises ₹17 Crore Funding Led by Aum Ventures

Bengaluru-based spacetech startup OXG Space has raised ₹17 crore in a funding round led by Aum Ventures through its India Innovation Fund II. The round also saw participation from Skyroot Aerospace co-founders Pawan Kumar Chandana and Bharath Daka, and Cosmoserve founder Dr Chiran Phanindra.

The company will use the capital to advance Mission Synapse, a 12-month programme focused on demonstrating satellite connectivity, deployable space infrastructure and in-orbit computing.

About OXG Space

Founded by former ISRO engineers Akash Shetty and Sanjay Gorur, OXG Space is developing what it describes as an orbital network that combines satellite connectivity with computing capabilities in space.

The company aims to connect satellites, process Earth-observation data in orbit and deliver processed information to users on Earth with lower latency. Its current positioning is around building an infrastructure layer for satellites that combines persistent connectivity, in-orbit compute and high-capacity data delivery.

The company says its founders have more than 17 years of combined experience across India’s space programmes. Shetty has more than a decade of experience in spacecraft mechanisms and large deployable space antennas, including work on an 18-metre deployable mesh reflector and spacecraft mechanisms associated with Chandrayaan-2 and Chandrayaan-3. Gorur’s experience includes satellite hardware development, integration and qualification, with work involving deployable solar arrays, antennas and other spacecraft systems used in missions including RISAT-2B and Microsat-2C.

OXG Space’s immediate focus is Mission Synapse, which will demonstrate several components of its proposed orbital infrastructure. These include a Ka-band phased-array antenna targeting an initial 1 Gbps-class communications link, a deployable mesh reflector intended for ground connectivity, and a deployable solar array designed to provide power to computing and communications payloads. The company has also outlined a longer-term roadmap for substantially higher link capacity, but those figures remain development targets rather than demonstrated operational performance.

The proposed system is aimed particularly at Earth-observation, defence, intelligence and commercial satellite applications. Instead of transmitting all collected data to Earth before processing, OXG Space wants to enable processing and data fusion while satellites are still in orbit. Its architecture is designed to combine information from multiple satellites and sensors, including optical and radar systems, before delivering relevant information to ground users.

OXG Space says conventional Earth-observation workflows can involve a four-to-12-hour gap between collecting an observation and making the resulting information available to users. It also estimates that satellites can remain disconnected for around 74% of their time and that up to 90% of collected data may not become actionable. These figures are company estimates and should not be treated as measurements applicable to every satellite mission.

What’s Next for OXG Space

The ₹17 crore funding will primarily support the 12-month Mission Synapse programme. The key milestone for OXG Space will be demonstrating that its antenna, deployable structures, power systems and computing capabilities can operate together in orbit. The company is targeting an initial 1 Gbps-class Ka-band link as part of this programme.

If the demonstrations are successful, OXG Space intends to build towards an orbital network that can provide connectivity and computing infrastructure for multiple satellite operators. The company sees applications in Earth observation, defence and intelligence, where reducing the time between data collection and usable information could be important.

The funding also brings OXG Space into the portfolio of Aum Ventures’ India Innovation Fund II, a ₹750 crore fund focused on early-stage Indian deep-tech companies across areas including spacetech, semiconductors, defence technology, AI, robotics and advanced manufacturing.

Aum Ventures had announced a ₹225 crore first close for the fund in August 2026, with plans to invest in 25 to 30 companies.