Indian space technology startup, Bellatrix Aerospace, has secured Rs 107 crore (approximately $11.7 million) in its Series B funding round. The Bengaluru-based company, founded in 2015, specializes in developing advanced propulsion systems for satellites, enhancing satellite deployment capabilities.
The funding round involves the issuance of equity and preference shares, with Cactus Partners Fund leading the investment with Rs 28.5 crore. Other key investors include Hero Enterprise Partner Ventures, GrowX Ventures, and 35 North India Growth, contributing to the total amount raised.
Bellatrix Aerospace’s propulsion systems facilitate the efficient deployment of both small and large satellites, improving satellite communication and geostationary orbit operations. The company’s expansion plans into the US market further highlight its commitment to global growth and innovation within the space industry.
Having raised a total of $24.2 million to date, Bellatrix Aerospace continues to push the boundaries of satellite propulsion technology despite operating in a pre-revenue stage. With a focus on enhancing satellite capabilities and advancing space exploration, the funding success signifies a promising future for the company and the spacetech sector.
Source: Entrackr : Latest Posts