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Spacetech startup EtherealX raises funding from Campus Fund, others

Economic Times

Economic Times · 1y ago

Spacetech startup EtherealX raises funding from Campus Fund, others

Spacetech startup EtherealX has secured its first institutional funding from investors including Campus Fund, BlueHill Capital, and Riceberg Ventures. The funding amount has not been disclosed but will be utilized for the development of a semi-cryogenic rocket engine. EtherealX aims to build reusable rockets that bring back both stages of the rocket after flight, competing with established players like SpaceX. The startup's plans include building the world's first fully reusable medium-lift launch vehicle.

Related News

EtherealX Pockets $5 Mn From YourNest, Others To Build Reusable Rockets

Inc42 · 1y ago

EtherealX Pockets $5 Mn From YourNest, Others To Build Reusable Rockets

Bengaluru-based spacetech startup EtherealX has secured a seed funding round worth $5 million. The investment will be utilized to develop engines for the company's fully reusable medium-lift launch vehicles. Leading the round is YourNest, with participation from several other investors including BIG Global Investments JSC, BlueHill Capital, Campus Fund, Golden Sparrow Ventures, and more. EtherealX aims to use the funding to further its development of the Razor Crest Mk-1.C launch vehicle.

EtherealX raises $5 Mn in seed round led by YourNest

Entrackr

Entrackr · 1y ago

EtherealX raises $5 Mn in seed round led by YourNest

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.

TakeMe2Space raises Rs 5.5 crore

Economic Times

Economic Times · 5m ago

TakeMe2Space raises Rs 5.5 crore

SpaceTech startup TakeMe2Space secured Rs 5.5 crore in pre-seed funding led by Seafund, with contributions from Blume Ventures, Artha Venture Fund, AC Ventures, and angel investors. The funds will support the launch of its space AI laboratory MOI-1, scaling operations, regional expansion, product portfolio enhancement, R&D, and customer acquisition. The company aims to double its revenues over the next year, according to their statement.

Agri-biotech startup GreenGrahi raises Rs 32 crore in round led by Avaana Capital

Economic Times

Economic Times · 3m ago

Agri-biotech startup GreenGrahi raises Rs 32 crore in round led by Avaana Capital

Agri-biotech startup GreenGrahi raised Rs 32 crore in a funding round led by Avaana Capital, with participation from Huddle, Campus Fund, Blume Founders Fund, and other investors. The funds will help scale its insect biomanufacturing platform and expand globally. GreenGrahi produces high-quality insect-based proteins and agricultural inputs to enhance soil health and crop productivity. It aims to meet significant demand from customers and expand into international markets, focusing on pet food companies in the US, UK, and EU.

Raho Hospitalities raises Rs 20Cr in a seed round from Campus Fund

IndianStartupNews

IndianStartupNews · 1y ago

Raho Hospitalities raises Rs 20Cr in a seed round from Campus Fund

Bengaluru-based startup Raho Hospitalities has raised Rs 20 crore in seed funding from Campus Fund. The company plans to use the funding to establish 40 new projects across India by 2025 and target an annual revenue of Rs 380 crore within the next five years. Raho aims to bridge the gap in quality accommodation options in non-urban areas, offering immersive and affordable travel experiences tailored to the needs of millennials. The startup plans to offer unique accommodations such as homestays, glamp-tents, and prefab units to cater to the preferences of millennial travelers.

AI startup Speak raises $16 million in funding led by Lachy Groom

TechCrunch · 1y ago

AI startup Speak raises $16 million in funding led by Lachy Groom

AI-powered language learning platform Speak has secured $16 million in funding led by Lachy Groom, with participation from OpenAI Startup Fund, Drew Houston, Arash Ferdowsi, and others. The San Francisco-based startup, with users in over 20 countries, plans to expand internationally. This funding reflects growing investor interest in AI language technologies spurred by successes like OpenAI's ChatGPT.

Spacetech startup Skyroot Aerospace raises Rs 225Cr from Singapore-based Temasek

IndianStartupNews

IndianStartupNews · 1y ago

Spacetech startup Skyroot Aerospace raises Rs 225Cr from Singapore-based Temasek

Hyderabad-based spacetech startup Skyroot Aerospace has raised Rs 225 crore ($27.5 million) in a pre-Series C funding round led by Temasek. The funds will be used to accelerate commercial satellite launches, foster technological advancements, recruit top-tier talent, and enhance launch frequency and capabilities. Skyroot Aerospace, founded in 2018, has introduced the Vikram series of launch vehicles to cater to the growing demand for cost-effective and efficient space launches. The company has previously received funding from Celesta Capital, Rocketship.vc, Artha Venture Fund, and other investors.

Punch, Burma Burma, EtherealX & others get VC money; Nazara arm buys DeltiasGaming

VCCircle

VCCircle · 1y ago

Punch, Burma Burma, EtherealX & others get VC money; Nazara arm buys DeltiasGaming

Indian startups Punch, EtherealX, Hyperbots, Neuron Energy, matchmaking platform Juleo, and restaurant brand Burma Burma have announced successful fundraising rounds. Punch, a trading platform, raised $7m from investors including Stellaris Venture Partners and Susquehanna Asia VC. EtherealX, a spacecraft developer, secured $5m in a seed funding round led by YourNest. AI startup Hyperbots raised $2m, while electric vehicle battery manufacturing start-up Neuron Energy raised INR 20 crore ($2.7m). Dating platform Juleo secured $2.5m in angel funding, and Burmese restaurant brand Burma Burma raised a further $2m in equity investment.

Knocksense, two others raise early-stage funding

VCCircle

VCCircle · 1y ago

Knocksense, two others raise early-stage funding

Three companies - content production platform Knocksense, spacetech startup SpaceFields, and beauty and personal care brand Beautywise - have recently secured early-stage funding. Knocksense raised an undisclosed amount in its pre-Series A funding round from Venture Catalysts, while SpaceFields raised $800,000 in a seed funding round led by HVB 88 Angels and O2 Angels Network. Beautywise secured $800,000 in a seed funding round from AC Ventures, Fluid Ventures, Real Time Angel Fund, and GSF. The funding will be used for various purposes, including geographic expansion and team development.

Clean energy startup Electric Hydrogen raises $380 million in latest funding round

Economic Times

Economic Times · 1y ago

Clean energy startup Electric Hydrogen raises $380 million in latest funding round

Electric Hydrogen (EH2) has secured $380 million in a Series C funding round, led by investors such as Fortescue, Fifth Wall, and Energy Impact Partners. The round also included investments from BP Ventures, Oman Investment Authority, Temasek, Microsoft's Climate Innovation Fund, and United Airlines Sustainable Flight Fund, among others. EH2, which develops electrolyser technologies for clean hydrogen production, aims to replace natural gas and coal with renewable green hydrogen. The startup has raised over $600 million since its inception in 2020, with significant investments from companies like Amazon and Honeywell.

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