Insider Brief
- EtherealX, a Bengaluru-based space tech startup, has raised $5 million USD (INR 42 crore) in a seed funding round.
- The investment was led by YourNest, with participation from BIG Global Investments JSC, BlueHill Capital, Campus Fund, Golden Sparrow Ventures.
- The funds will help EtherealX develop engines for its fully reusable medium-lift launch vehicle, the Razor Crest Mk-1 with plans to validate the technology with a Technology Demonstrator Vehicle (TDV) scheduled to launch in 2026.
EtherealX, a Bengaluru-based space tech startup, has raised $5 million USD (INR 42 crore) in a seed funding round according to reports. The investment was led by YourNest, with participation from BIG Global Investments JSC, BlueHill Capital, Campus Fund, Golden Sparrow Ventures, and others.
The funds will help EtherealX develop engines for its fully reusable medium-lift launch vehicle, the Razor Crest Mk-1. By offering absolute reusability, the startup aims to reduce launch costs and timeframes.
Manu J Nair, CEO of EtherealX, explained, “The funds from this round will be used to complete our test facility, conduct final tests and qualify the 40kN engine for the upper stage, and manufacture the 925kN semi-cryogenic engine.”
Founded in 2022 by Manu J. Nair, Shubhayu Sardar, and Prashant Sharma, EtherealX is working on the Razor Crest Mk-1. This vehicle is designed to be the world’s first fully reusable medium-lift launch vehicle. It can carry up to 24.8 tonnes to Low Earth Orbit (LEO) in an expendable configuration and 8 tonnes in a fully reusable configuration.
EtherealX plans to validate its technology with a Technology Demonstrator Vehicle (TDV) scheduled to launch in 2026.
Image credit: EtherealX
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