Bellatrix Aerospace is a Bengaluru-based private Indian aerospace manufacturing company that has raised $8 million in a Series A round.
The companies which took part in the funding round were StartupXseed, Pavestone Capital, Mankind Pharma Family Office, Survam Partners, Karsemven Fund.
The company is planning to utilize the fresh capital in the following ways:
The company is planning to become a unique Orbital Transfer Vehicle with capabilities to employ customer satellites to their orbits very often and perform missions to the geostationary orbit (GEO) and beyond.
Bellatrix has signed contracts with the Indian Space Research Organization. The space qualification testing is estimated to be accomplished soon.
Bellatrix Aerospace was founded by Rohan M Ganapathy and Yashas Karanam in the year 2015. The startup had developed the world’s first commercial Microwave Plasma Thruster, which is using water as fuel, and received an order from the Indian Space Research Organization (ISRO).
Last year, Bellatrix Aerospace tested the country's first privately built Hall Thruster, a highly efficient electric propulsion system that's ideal for micro-satellites weighing 50-500 kg, and can be scaled up for heavier satellites.
Rohan M Ganapathy, CEO & CTO, 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.”
“Inflexor has always taken a keen interest in technological advancements affecting the space sector, and this is evident from our investment in Bellatrix from our first fund, right from their seed round. We see the space industry is growing exponentially, and Bellatrix’s products will play a major part in democratizing access to the space industry with their cost-effective and power-efficient thruster systems, ideal for small satellite manufacturers,” said Venkat Vallabhaneni, Managing Partner, Inflexor Ventures.