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Startup Atlas · Aerospace & Defense

Manastu Space

Manastu Space Technologies Private Limited Navi Mumbai, Maharashtra Founded 2017 manastuspace.com ↗
Tushar Jadhav · Co-Founder & CEO Ashtesh Kumar · Co-Founder & CTO
$6 MnTotal funding (tracked)
2Funding rounds
12 Aug 2025Last round
94Team size (sourced)

Manastu Space: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Green, non-toxic propellant (MS289)

Proprietary MS289 fuel is positioned as a safer, cleaner alternative to toxic hydrazine-based propulsion.

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Performance edge over incumbent propulsion10x Faster, 40% Efficient, 50% Affordable

Company-stated performance metrics shown as separate stat callouts ("10x / Faster", "40% / Efficient", "50% / Affordable") in the site's "OUR SYSTEM" section — not a single continuous sentence.

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Debris-collision avoidance

Thrusters double as an autonomous collision-avoidance system, letting satellites maneuver away from space debris.

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Customer Segments

Satellite manufacturers

Supplies complete propulsion systems — fuel, engine, tank and accessories — to satellite manufacturers.

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Defense & government agencies

Delivered its I-Booster green propulsion system to India's Defence Research and Development Organisation (DRDO).

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Launch vehicle / upper-stage OTV providers

Secured its first commercial contract with French aerospace company Latitude to develop the GP-LAM upper-stage thruster.

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Customer Relationships

Direct technical relationships with satellite manufacturers, constellation operators & systems integrators

Plans extensive working relationships with satellite manufacturers, constellation operators, and systems integrators as it expands into the US, Europe and Asia.

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Channels

Direct international market entry (US, Europe, Asia)

Using its 2025 funding to enter the United States, European and Asian markets directly.

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Key Activities

R&D and testing of propulsion technology

Ongoing R&D and progressive TRL-level ground and flight testing of thrusters and green propellant, from proof-of-concept through flight qualification.

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In-orbit flight demonstration

Conducted an In-Orbit Demonstration of the Vyom 2U system aboard ISRO's PSLV-C60/POEM-4 mission, achieving over 700 seconds of cumulative in-space firing time.

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Key Resources

Proprietary MS289 green propellant

In-house developed green fuel that is the technical foundation of all of Manastu's thruster products.

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Key Partnerships

DRDO

Development supported by DRDO's Technology Development Fund (TDF); delivered the I-Booster system to DRDO in December 2024.

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ISRO

Flight-tested the Vyom 2U propulsion system aboard ISRO's PSLV-C60 rocket on the POEM-4 platform.

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Latitude (France)

First commercial contract, to develop the GP-LAM 300N thruster for upper-stage auxiliary propulsion.

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iDEX (Innovation for Defence Excellence)

Formalized a partnership agreement with iDEX, India's defense innovation agency.

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Shell

Collaborated with Shell (E4) to deepen fuel-chemistry research for its sustainable propulsion technology.

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Revenue Streams

Propulsion system / hardware sales

Sells complete propulsion systems (fuel, engine, tank, accessories) to satellite manufacturers under commercial contracts.

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In-orbit services

Plans to offer in-space refuelling, mission life-extension and de-orbiting as a product-service model.

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Cost Structure

No cited public information yet.

FAQs on Manastu Space

What is Manastu Space's business model?

Manastu Space's core value proposition centers on Green, non-toxic propellant (MS289), Performance edge over incumbent propulsion, Debris-collision avoidance.

How does Manastu Space make money?

Manastu Space's cited revenue streams include Propulsion system / hardware sales, In-orbit services.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: manastuspace.com · Last verified 18 Jul 2026. · Report a correction