Spacetech Startup Bellatrix Aerospace Raises $8M In Series A Funding
Spacetech startup Bellatrix Aerospace has concluded a $8 million Series A funding round led by BASF Venture Capital GmbH, the corporate venture company of BASF SE and Inflexor Ventures LLP.
StartupXseed, Pavestone Capital, Mankind Pharma Family Office, Survam Partners, Karsemven Fund, and other prominent family offices and angel investors also participated in the funding round.
The spacetech startup aims to utilise the funds for developing and testing its four thruster modules and go to market by the end of the year with its technology. It will also use the funds towards the company’s evolution into a full-fledged space transportation technology company with its unique Orbital Transfer Vehicle with capabilities to deploy customer satellites to their orbits quickly and perform missions to the geostationary orbit (GEO) and beyond.
Bellatrix Aerospace | Propelling Dreams
Founded by Rohan M Ganapathy and Yashas Karanam in 2015, Bellatrix Aerospace specialises in In-space propulsion systems & orbital launch vehicles. The Bengaluru-based startup is building space transportation technologies that disrupt archaic models and redefine space to make it more accessible.
Speaking about the development, Rohan M Ganapathy, Co-founder of Bellatrix Aerospace, said,
“We are elated to onboard new investors on our journey to become a key player in the global space-technology industry. pre-Series-A funding helped us successfully complete the development of numerous critical technologies in-house. With this investment, we will be expanding our product portfolio, adding to our existing talent pool to broaden our expertise, augment our state-of-the-art infrastructure and focus on validation of our products in space.”
The spacetech startup has bagged contracts from ISRO and other undisclosed customers. Its space qualification testing is expected to be completed in the coming months.
Last year, Bellatrix Aerospace entered into a Memorandum of Understanding (MoU) with Skyroot Aerospace to further India’s spacetech efforts. As part of that deal, the Orbital Transfer Vehicle (OTV), being developed by Bellatrix, will be used in the upper stage of Vikram launch vehicles built by Skyroot.
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