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EtherealX raises $5 Mn in seed round led by YourNest

EntrackrEntrackr · 1y 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.

Spacetech startup Ethereal Exploration Guild raises $20.5 Mn in Series A round

EntrackrEntrackr · 3h ago
Spacetech startup Ethereal Exploration Guild raises $20.5 Mn in Series A round
Medial

Spacetech startup Ethereal Exploration Guild raises $20.5 Mn in Series A round Space technology company Ethereal Exploration Guild (EtherealX) has raised $20.5 million in Series A funding round co-led by TDK Ventures and BIG Capital, with participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund, and Riceberg Ventures. The proceeds will be used to develop a first fully reusable medium-lift launch vehicle, the Razor Crest Mk-1. Co-founded in 2022 by Manu J. Nair, Shubhayu Sardar, and Prashanth Sharma, EtherealX aims to take on SpaceX with a medium-lift launch vehicle called Razor Crest Mk-1. The rocket, designed to be fully reusable, is expected to place up to eight tonnes into low Earth orbit and will also be capable of delivering payloads to geostationary transfer and trans-lunar injection orbits. According to the Bengaluru-based startup, it is currently building a fully reusable medium-lift (25-tonne) launch vehicle. Razor Crest Mk-1 – the medium-lift fully reusable launch vehicle under development, can carry up to 24.8 tons into Lower Earth Orbit (LEO) and up to 10.8 tons into the Geosynchronous Transfer Orbit (GTO). Ethereal aspires to disrupt the launch market by lowering orbital transport costs to a target range of $500–$1,000 per kilogram. The startup uses in-house simulation tools and test infrastructure, which together contribute to better overall vehicle reusability and shorter development cycles. The company claims to have manufactured its 80kN upper-stage reusable engine (Pegasus) and has signed collaboration agreements with the Indian National Space Promotion and Authorization Centre (IN-SPACe), ISRO, and other national space agencies, as well as commercial satellite operators, launch aggregators, and launch ports globally.

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