Space technology startup Bellatrix Aerospace has raised US$20 million in a pre-Series B funding round led by Cactus Partners.
Other investors in this round include Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings. Existing investors like Inflexor, Pavestone, GrowX, StartupXseed, and Survam Partners also invested again.
The company will use this money to grow its manufacturing facilities so it can handle more satellite projects in India and other countries.
Bellatrix Aerospace also plans to use the funds to support its current customers and improve how smoothly its operations run.
“We’ve moved from flight-proven to factory-ready,” said cofounder and COO Yashas Karanam, adding that the company has reduced propulsion system lead times to under six months while improving unit economics.
“Bellatrix is a unique asset with a robust history of space technology innovation. Rohan and Yashas have invested more than a decade in creating leading, cost-effective technologies for electric and green propulsion systems,” said Amit Sharma, General Partner of Cactus Partners.
Bellatrix Aerospace was started in 2015 by Rohan Ganapathy and Yashas Karanam. The company builds advanced propulsion systems (engines) for satellites, including both electric and chemical types.
It manages everything on its own, from designing and developing the technology to manufacturing, assembling, and testing the products.
The startup expects to grow further by delivering its products to customers and reaching more business milestones in the coming months.
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