Bellatrix Aerospace raises $8 million in its Seies A round of funding

• ByStartupStory     |    June 2, 2022

Bellatrix Aerospace announced an $8 million Series A investment headed by BASF Venture Capital GmbH, the corporate venture firm of BASF SE, and Inflexor Ventures LLP, an early-stage deep-tech/IP focused VC Fund, on Wednesday. StartupXseed, Pavestone Capital, Mankind Pharma Family Office, Survam Partners, Karsemven Fund, and other renowned family offices and angel investors also participated in the round.

The funding will be used to build and test four thruster modules, with the goal of bringing the technology to market by the end of the year. The money will also be used to help the firm evolve into a full-fledged space transportation technology company, with its unique Orbital Transfer Vehicle capable of swiftly deploying client satellites to their orbits as well as performing trips to geostationary orbit (GEO) and beyond.

Bellatrix Aerospace, founded in 2015 by Rohan M Ganapathy and Yashas Karanam, is a Bengaluru-based commercial Indian aerospace manufacturer and smallsat launcher. Bellatrix has received contracts from the Indian Space Research Organization as well as other unnamed clients. The space certification testing is planned to be finished over the next several months.

Bellatrix Aerospace CEO and CTO Rohan M Ganapathy stated that the company is thrilled to welcome additional investors on its path to becoming a major participant in the global space-technology market. They were able to successfully finish the development of various essential technologies in-house thanks to pre-Series-A investment. With this funding, the firm will grow its product range, add to its existing personnel pool to widen its knowledge, complement the cutting-edge infrastructure, and focus on product validation in space.

Venkat Vallabhaneni, Managing Partner, Inflexor Ventures said that Inflexor has always had a particular interest in technical breakthroughs affecting the space sector, as seen by their investment in Bellatrix right from their seed round in our first fund. The space industry growing at an exponential rate, and Bellatrix’s products will play a significant role in democratising access to the space industry with their cost-effective and power-efficient thruster systems, ideal for small satellite manufacturers.

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