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EtherealX raises $5 Mn in seed round led by YourNest

EntrackrEntrackr · 11m ago
EtherealX raises $5 Mn in seed round led by YourNest
Medial

Spacetech startup EtherealX has raised $5 million in its seed round led by YourNest and saw participation from BIG Global Investments JSC, BlueHill Capital, Campus Fund, and Golden Sparrow Ventures, Karan Bhagat & Yatin Shah from IIFL Wealth, Kiran Shetty, and Akhilesh Agarwal. The proceeds will be used to develop the engines for their fully reusable medium-lift launch vehicle. In February this year, the startup had raised its first institutional funding from Campus Fund, BlueHill Capital and Riceberg Ventures. Founded in 2022 by Shubhayu Sardar, Manu Nair and Prashanth Sharma, EtherealX is attempting to build reusable rockets that bring both the stages of the rocket back into earth after flight. Currently, Elon Musk’s SpaceX is the only major rocket maker that commercially operates orbital launches using reusable rockets, particularly in the medium-lift and heavy-lift category. Among the startup’s plans is Razor Crest Mk-1, aimed to be the world’s first fully reusable medium-lift launch vehicle. The model is designed to dispatch payloads of up to 24.8 tonnes to the Lower Earth Orbit (LEO) in expendable configuration, 22.8 tonnes in partially reusable configuration, and 8 tonnes in fully reusable configuration to 400 kilometres LEO.

Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round

EntrackrEntrackr · 15d ago
Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round
Medial

Snippets Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round Deep-tech space startup Astrophel Aerospace has raised Rs 6.84 crore (around $800K) in a pre-seed funding round from a group of angel investors and venture firms. The Pune-based startup will use the funds to build a prototype of its reusable semi-cryogenic launch vehicle and to expand in-house R&D efforts focused on building advanced missile-grade guidance and propulsion systems. Founded in 2022 by Suyash Bafna, Astrophel Aerospace is building cost-effective, reusable launch vehicles specifically tailored for small satellites. It operates on a vertically integrated model designing, engineering, and testing propulsion systems in-house. The firm’s Astra C1 series rockets are powered by in-house developed semi-cryogenic engines and built using a combination of 3D printing and modular assembly. Astrophel claims to be among a limited number of Indian private companies to have successfully test-fired a semi-cryogenic engine, and achieved this with just Rs 6 lakh in internal resources and no external funding before this round. It is now aiming for a working, reusable prototype within the next 2–3 years. The startup is building its flagship Potentia C1U engine using modular design and manufacturing principles adapted from the automotive sector. Astrophel has also signed an MoU with ISRO to support co-development and testing. In India, its key competitors include Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace and Pixxel among others.

Agnibaan Launch: Agnikul CEO On Challenges, Learnings & The Future Of The Startup

Inc42Inc42 · 1y ago
Agnibaan Launch: Agnikul CEO On Challenges, Learnings & The Future Of The Startup
Medial

Indian spacetech startup Agnikul Cosmos has achieved a significant milestone with the successful launch of its Agnibaan Sub-Orbital Technology Demonstrator (SOrTeD). The launch not only validates Agnikul's technology but also its ability to set up a fully functional launch pad in sync with the Indian Space Research Organisation (ISRO). The company's CEO, Ravichandran, revealed that they have received interest from customers around the world, primarily from regions such as the US, Europe, Japan, Australia, and Singapore. Agnikul aims to offer dedicated launches tailored to customers' needs to ensure cost-effectiveness. This achievement contributes to the growth of India's spacetech ecosystem.

Moon landing puts new space race startups in spotlight

Economic TimesEconomic Times · 1y ago
Moon landing puts new space race startups in spotlight
Medial

Intuitive Machines, SpaceX, Rocket Lab, Blue Origin, and Firefly Aerospace are among the space startups that are making waves in the private space industry. Intuitive Machines recently made history as the first private company to successfully land a spacecraft on the moon. SpaceX, led by Elon Musk, is known for its reusable rockets and is aiming to land on Mars. Rocket Lab is a frequent private launcher of rockets after SpaceX and is working on a reusable Neutron rocket. Blue Origin, founded by Jeff Bezos, is developing a human landing system for NASA's Artemis mission. Firefly Aerospace is working on a lander called Blue Ghost and has been selected as a launch provider by the National Reconnaissance Office.

Exclusive: CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn

EntrackrEntrackr · 14d ago
Exclusive: CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn
Medial

Exclusive: CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn The Bengaluru-based space tech company has raised over Rs 60 crore ($7 million) in its maiden funding round, led by venture firm BanyanCo, as per information sourced from the regulatory filings with MCA. CoinDCX co-founder Neeraj Khandelwal has partnered with senior ISRO scientists Devakumar Thammisetty, Pawan Kumar, and Prashant M to launch Astrobase, according to sources familiar with the matter. Astrobase aims to address the growing demand for satellite launches by building cost-efficient, high-payload launch vehicles. “The company is working on a methane oxygen full flow staged combustion engine designed to carry payloads ranging from 3 to 10 tonnes. It plans to offer three configurations of its launch vehicle: fully expendable, partially reusable and fully reusable, with a target launch cost of $300 per kilogram by 2034,” a person familiar with the matter said. As per sources, the company has secured an engine manufacturing facility in Bengaluru’s aerospace hub and is ready to begin production. “Astrobase is moving from research and development to manufacturing. It has completed engine and vehicle designs for an orbital-class launch system.” Entrackr estimates the startup’s valuation at approximately Rs 623 crore ($72 million) in this round. The company is preparing to raise additional capital, and its valuation will change accordingly. Following Entrackr’s story, Khandelwal clarified that the company has closed a $10 million seed round. He mentioned that the engine manufacturing facility is up and running, with 10 senior ISRO scientists on board. Over the past two years, spacetech startups are gaining momentum over the past few years. In 2024, 13 startups from the segment raised around $85 million in funding. In the ongoing calendar year, 10 such startups have announced their fundraise worth over $15 million. In 2025, the Indian government introduced a Rs 500 crore ($58 million) fund through IN-SPACe and approved a Rs 1,000 crore ($116 million) VC fund to support space-tech startups. The funds are intended to increase local development, reduce import reliance, and expand private sector participation in the space sector.

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