EON Space Labs raises $1.2 million Pre-Series A round led by MGF Kavachh
To launch MIRA, India’s lightest high-res space telescope, by 2025
Expanding global footprint with EO/IR surveillance systems targeting $11 billion market
Hyderabad-based deeptech start-up, EON Space Labs has raised $1.2 million in a Pre-Series A round led by MGF Kavachh. HHV Advanced Technologies has also joined in as an investor and long-term strategic partner.
The funding will be use to scale manufacturing of EON’s AI-driven electro-optical and infrared payloads, expand the engineering team, and support upcoming product launches. Additionally, it is also gearing up for the launch of its first ultra-lightweight space telescope, MIRA, by the end of 2025.
“We will accelerate India’s capabilities in miniaturised optics, high-resolution imaging, and dua-use payload systems space and terrestrial use,” said Sanjay Kumar, cofounder of EON Space Labs.
Founded in 2022 by Sanjay Kumar, Punit Badeka, and Manoj Kumar Gaddam, EON is building miniaturised, high-resolution imaging systems for use in satellites, drones, aerial systems and fixed ground platforms.
The start-up claims that MIRA will be the lightest high-resolution space telescope designed and manufactured in India, enabled by innovations in miniaturised optical design that reduce size and weight by up 3–4 times without compromising on image quality.
Parallelly, the team is also preparing to launch four new variants of its LUMIRA EO/IR imaging systems, designed for long-range detection of humans, vehicles, threats and UAVs through drone and ground- based surveillance platforms.
The start-up is also building global partnerships to tap international markets, with multiple commercial orders already secured following successful proof of concept demonstrations. The variants will target up to 85% of the use cases in the global EO/IR surveillance market, currently valued at $11.09 billion as of 2025 as per an EY report.
“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,” said Col. (Rtd.) Sarjeet Yadav, Venture Partner at MountTech Kavachh.
EON’s vertically integrated approach, from optical design, system engineering to prototyping and manufacturing is based out of India, aimed at strengthening the indigenous space and defense tech supply chain.