India

Defence Ministry Grants Multi Crore Funding To Space Startup Pixxel To Make Satellites For Indian Air Force

A government funding has been awarded to the Bengaluru-based business Pixxel to help it create multi-payload satellites for the Indian Air Force. Pixxel will create miniature satellites weighing up to 150 kg as multi-crore rupee funding from the Ministry of Defence’s (MoD) Innovations for Defence Excellence (iDEX) programme has been granted for the project.

“We have won a multi-crore grant for DefSpace challenge under iDEX Prime (Space), to manufacture miniaturised multi-payload satellites for IAF. Received as a part of the SPARK grants by iDEX, this will equip Pixxel to develop satellites (of up to 150kg) for electro-optical, infrared, synthetic aperture radar and hyper spectral purposes,” the firm said in a statement.

The SPARK grants provided to startups chosen through MoD initiatives, are intended to develop cutting-edge solutions and advance deep-tech innovations in India. Out of several competing companies, Pixxel was selected as the award recipient.

The company claimed that it had already established itself as a top innovator in the space technology industry by developing and launching the highest-resolution commercial hyperspectral imaging satellites made in India. It added that by utilising this in-house technology which can facilitate easy manufacture at low cost and simple launch, it will now produce small satellites for the defence industry.

Pixxel’s CEO, Awais Ahmed, expressed his joy at receiving the grant and looked forward to use it to produce satellites for the first time outside of the company.

“This recognition highlights Pixxel’s dedication to pushing the boundaries of space exploration and innovation. We are grateful for the trust placed in us and excited to embark on this next phase of collaboration with the Indian government,” Ahmed added.

Also Read: BJP Will Launch Yatra For Ravidas Temple With Eyes On 16% Dalit Vote In MP

Shivanshi Srivastava

Recent Posts

Adani Group Stocks Recover As Sensex nd Nifty Post Gains

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements…

28 minutes ago

Sensex Soars 1,961 Points, Nifty Gains 557 In Broad-Based Market Rally

A sharp rally in financial stocks and encouraging US labor market data fueled the uptrend.…

32 minutes ago

PM Modi Engages In 31 Bilateral Meetings During Three-Nation Tour

PM Narendra Modi held 31 bilateral meetings and discussions during his visit to Nigeria, Brazil,…

1 hour ago

SC Reserves Verdict On Challenge To ‘Socialist’ And ‘Secular’ In Preamble

These words were added during the 42nd Amendment in 1976, under the tenure of Prime…

1 hour ago

CPS Appointment Cancellation: Supreme Court Issues Notice to Himachal Pradesh Government

During the hearing, the Supreme Court clarified that the six MLAs removed as Chief Parliamentary…

1 hour ago

BGT 2024-25: India 150 All Out, Bumrah’s 4-17 Rocks Australia To 67/7 On Day One

Bumrah’s 4-17, backed by Mohammed Siraj and debutant Harshit Rana, helped India seize the momentum…

2 hours ago