EON Space Labs

Overview

Founded in 2021 by Sanjay Kumar, Punit Badeka, and Manoj Kumar Gaddam, EON Space Labs is a deeptech startup headquartered in Hyderabad, India. Specializing in imaging technologies, the company focuses on developing advanced Earth Observation (EO) imaging payloads for satellites, drones, and ground systems. The startup has raised approximately $1.71 million in funding over several rounds, with $1.2 million secured in their latest Pre-Series A funding round led by MGF Kavachh.

Recent Developments

August 6, 2025: EON Space Labs raised $1.2 million in pre-Series A funding from MGF Kavachh, with participation from HHV Advanced Technologies. The funding is aimed at scaling the manufacturing of their AI-driven electro-optical and infrared payloads, expanding the engineering team, and supporting upcoming product launches.
Upcoming Product Launch: The company announced plans to launch its first ultra-lightweight space telescope, MIRA, by the end of 2025. This system is set to address up to 85% of the use cases in the global EO/IR surveillance market, which is valued at USD 11.09 billion.
June 2025: The company has accumulated a total funding of $1.71 million with participation from investors such as Ramaiah-Evolute and QL Space, offering a valuation of $6.26 million.
Innovative Manufacturing: EON Space Labs continues to build on its 'Make in India' initiative by reducing the size and weight of optical payloads without compromising on image quality.

Attribute	Information
Founding Date	2021
Headquarters	Hyderabad, India
Founders	Sanjay Kumar, Punit Badeka, Manoj Kumar Gaddam
Revenue	Not publicly disclosed
Profits	Not publicly disclosed
Key Investors	Ramaiah Evolute, QL Space, MGF Kavachh
Industry	Aerospace and Defense
Number of Employees	9 (as of recent reports)

Early History

EON Space Labs began its journey focusing on democratizing access to satellite data, aiming to impact fields dependent on such data. Initially, the startup faced logistical challenges including long lead times for acquiring critical components amidst increasing import tariffs and a fragmented supplier landscape. With support from the I-NCUBATE Program, EON Space Labs managed a strategic pivot, shifting focus towards developing cost-optimized drone payloads. This shift opened broader market opportunities, particularly in mature international markets more receptive to their innovative solutions.

Company Profile and Achievements

EON Space Labs operates with a vertically integrated model, overseeing each aspect from optical design to in-house manufacturing. This approach ensures precision and control over the quality of their imaging payloads which are utilized in a variety of applications, from satellites to drones.

Achievements:
- Developed and certified the LUMIRA EO/IR imaging platform to military standards.
- Gearing up to launch MIRA, India’s lightest space telescope, by 2025-end.
- Established itself as a key player in the EO/IR surveillance market, contributing to 85% of its use-cases.
Innovative Business Model: Emphasizes AI-driven designs for high fidelity and cost-effective imaging solutions.
Visionary Leadership: The current expansion efforts are guided by both forging strategic partnerships and a solid commitment to bolstering India's position in high-precision optics.

Current Operations and Market Position

EON Space Labs is strategically positioned in the Aerospace and Defense sector, primarily focusing on the burgeoning Earth Observation (EO) and Optical Imaging markets. Their advanced EO/IR payloads are setting a benchmark in both space technology and defense applications. EON is progressing towards making sophisticated imaging technology more accessible, thereby enhancing decision-making across industries reliant on accurate and timely data.

Conclusion

EON Space Labs stands at the forefront of technological innovation in India's aerospace and defense industry. With promising advancements such as the development and anticipated launch of the MIRA telescope and an AI-enhanced manufacturing approach, the startup is well on its path to significantly contributing to the global EO/IR surveillance market. Their focus on enhancing domestic manufacturing capabilities aligns with national initiatives toward indigenous tech prowess, positioning EON Space Labs for a pivotal role in shaping the future of aerospace technology.