The Indian space industry has gained tremendous momentum in recent times, as numerous startups emerged and spread the boundaries of technological innovation.
In a groundbreaking move, Alphabet Inc (GOOGL.O) decided to lead a $36 million funding round for Pixxel, a Bangalore based Satellite image start-up, which is going to be recorded as the first important and major investment in the space sector of India since the government of India initiated and launched privatization policy in the month of April. The partnership can play a pivotal role in revolutionizing the Indian space sector by pushing the boundaries after getting the needed support and resources through funding from big giants like Google.
The funds will advance Pixxel’s ambitious mission of building hyperspectral Satellite constellations that can help in giving climatic insights on a planetary scale. Further, it will also help in the development of Aurora, an artificial intelligence-powered analytics platform of Pixxel. Google has made this investment through its India digitalization fund, which majorly focuses on investing in India-based start-ups.
Pixxel: A revolution
Pixxel, a company founded by two visionary entrepreneur minds, Awais Ahmed and Kshitij Khandelwal in 2019, to rocket up the Indian space sector. The startup aims to develop a specific constellation of advanced microsatellites of Earth-imaging to provide quality high-resolution imagery for several applications that includes disaster management, Agriculture, urban planning, and climate monitoring.
Investment of Google
Google, a global leading tech- giant’s investment not only provides financial backing but also validates the potential of an Indian startup, its technology, and its vision. With this game-changer partnership, Pixxel will have access to expertise all the necessary resources, and the opportunity of networking that can boost its presence in the space of this competitive sector.
The gigantic potential of Indian minds in space
The partnership between Pixxel and Google is going to be registered as a milestone in Indian space history which underline the potential of Indian talent in the field of space. In recent years, India has established itself in the global space industry after notable successful Mars orbiter missions and launches of numerous satellites. The engineers and scientists of India have demonstrated consistently their technical abilities and skills, which is pushing India constantly as the frontrunner in the Global space industry.
Strengthened Space policy and infrastructure of India
The continual attention and investment in the sector will prompt the government and regulatory bodies of India to develop favorable infrastructure and policies to support the growth of the Indian space market. This will also strengthen the initiative of relaxing regulations and establishing research and development facilities with funding support. This investment will encourage and set a positive trajectory for the Indian space sector.
Future of the Indian space sector and its Market
The government of India rapidly supports the country’s space sector through different initiatives like The New Space India Limited (NSIL) and Indian Space Research Organization (ISRO). Google’s funding to Pixxel will attract new talents and establish growth. The initiatives of the Indian government and the investment of Google will play a significant role in shaping the policies and potential of genius minds of India to hoist the tricolor at the top of the global space industry.
In the coming days, it is expected to fuel the advancement aspects by attracting more investment and creating opportunities for the ecosystem of the Indian space sector.
Conclusion
Pixxel’s approach to space technology is revolutionary, with Google’s support, India can be positioned as the key player in the market of space globally. India’s constant growth to flourish in the space industry, Its advancement and groundbreaking achievements will shape the future of space exploration. This will also pave the way for a thriving and prosperous ecosystem, With this partnership Pixxel is accelerating the Indian space industry.