EtherealX: Bengaluru-based Space Tech Startup

Introduction:

EtherealX, a Bengaluru-based space tech startup, recently raised $5 million in funding. The startup is focused on developing reusable rockets, which could significantly reduce the cost of space transportation.

Company Background:

•  Founded: 2022

•  Founders: Manu J Nair, Shubhayu Sardar, Prashant Sharma

•  Main Product: Razor Crest Mk-1, a fully-reusable medium-lift launch vehicle.

Funding Details:

•  Amount Raised: $5 million

•  Lead Investor: YourNest

•  Other Investors: BIG Global Investments, BlueHill Capital, Campus Fund, Golden Sparrow Ventures.

Significance:

EtherealX aims to make space exploration more accessible by reducing the costs associated with space transportation. The recent funding will help the startup complete its test facility and qualify its engines. This is a significant step towards achieving their goal of making space travel more affordable and sustainable.

Conclusion:

EtherealX's vision and innovation have the potential to bring about a revolution in the space tech industry. The startup is poised to take India's space ambitions to new heights, making space exploration more feasible and cost-effective.