• EON Space Labs raised USD 1.2 million in Pre-Series A (approx INR 10.5 Crore) funding from MGF Kavachh and HHV Group, which also joins as a strategic partner.
  • Funds will support the launch of MIRA, India’s lightest space telescope, and 4 new LUMIRA EO/IR systems for drones and ground platforms.
  • With strong commercial traction and a focus on the USD 11 billion EO/IR market, EON aims to scale globally while strengthening India’s optics ecosystem.

Hyderabad, Tuesday, 5th August 2025: EON Space Labs, a Hyderabad-based deeptech startup, specialising in imaging technologies, has raised USD 1.2 million (approx INR 10.5 Crore) in a Pre-Series A round led by MGF Kavachh, with HHV Group joining in as an investor and long-term strategic partner. The funding will be deployed to scale manufacturing of EON’s AI-driven electro-optical and infrared payloads, expand the engineering team, and support upcoming product launches. The startup is also gearing up for the launch of its first ultra-lightweight space telescope, MIRA, by the end of 2025. 

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. 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 startup 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 USD 11.09 billion as of 2025 as per an EY report. 

Col. (Rtd.) Sarjeet Yadav, Venture Partner at MountTech Kavachh, said that, “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.” Prasanth Sakhamuri, Managing Director, HHV Advanced Technologies, added that, “Our partnership with EON is built on a shared commitment to advance India’s high-precision optics manufacturing capabilities. The investment marks the beginning of a strategic collaboration to bring deep-tech imaging solutions to market.”

EON’s vertically integrated approach, from optical design, system engineering to prototyping and manufacturing is entirely based out of India, aimed at strengthening the indigenous space and defense tech supply chain. 

SanjayKumar, Co-founder, EON Space Labs, said that, “Together, we will accelerate India’s capabilities in miniaturised optics, high-res imaging, and dual-use payload systems space and terrestrial use.” “We are building high-quality EO tools that are easy to access and use, so more people can benefit from accurate and timely information”, added Punit Badeka, Cofounder, EON Space Labs.

As India positions itself as a leader in new-age space and drone technologies, EON Space Labs is charting a path that brings together cutting-edge innovation, indigenous development, and global ambition.

“With the support of our strategic investors, we are one step closer to creating a globally competitive optical payload ecosystem”, said Manoj Kumar Gaddam, Cofounder, EON Space Labs.