EON Space Labs is set to launch MIRA, India’s first ultra-lightweight space telescope, by the end of 2025, following a $1.2 million Pre-Series A funding round led by MGF Kavachh with HHV Group as a strategic partner. Unlike traditional space telescopes that scout stars and distant galaxies, MIRA is focused on Earth observation, designed to be three to four times lighter and smaller than conventional models through innovations in miniaturized optical design while maintaining high-resolution imaging without compromising quality. This enhances applications in commercial and defense sectors, including surveillance, agriculture, disaster response, and resource management, while significantly reducing deployment costs. The AI-driven electro-optical and infrared payload system targets the $11.09 billion global EO/IR surveillance market, underscoring India’s growing space technology capabilities, alignment with the Make in India initiative, and promotion of self-reliance through indigenous manufacturing and Hyderabad’s space tech ecosystem collaboration.