Top 10 Space Technology startups across the world
Top 10 Space Technology startups across the world

Bellatrix Aerospace, a Bengaluru-based in-space propulsion business, closed a US $8 million fundraising round on June 1, 2022, headed by BASF NSE 1.08 percent Venture Capital GmbH, BASF SE’s corporate venture arm, and early-stage VC Inflexor Ventures.

StartupXseed, Pavestone Capital, Survam Partners, Karsemven Fund, the Mankind Pharma family office, and other prominent family offices and angel investors participated in the investment round.

Bellatrix will use the capital to grow its product line, develop existing products, hire personnel, and improve its infrastructure.

Bellatrix will also use the cash to transform into a space transportation technology company, expanding its offerings to include orbital transfer vehicles.

What the founder has to say:

According to Bellatrix CEO and CTO Ganapathy, the investment will help the company expand its product line and add more people to widen its expertise, as well as “improving our state-of-the-art infrastructure and focusing on validation of our products in space.” The Bellatrix investment is an entry at the ideal time for the principal investor: “This business is currently seeing an unparalleled upturn in India in particular,” says Markus Solibieda, MD of BASF Venture Capital GmbH.

What the investors have to say:

Venkat Vallabhaneni, managing partner, Inflexor Ventures:

“We envision the space business increasing dramatically. Bellatrix’s cost-effective and power-efficient thruster systems, suited for small satellite producers, will play a vital role in democratizing access to the space industry.”

B V Naidu, Managing Partner, StartupXseed Ventures:

“We regard them as a key player across Eurasia as a Deep Technology fund and as one of the early sponsors of Space Tech through Bellatrix.”

About the company:

Bellatrix is a chemical and electric propulsion technology company formed in 2015 by Rohan Ganapathy and Yashas Karanam. It operates a large satellite propulsion research laboratory at SID-IISc. It also has a substantial IP portfolio in these fields.

Bellatrix is active in the high-growth fields of in-space propulsion and orbital transfer vehicles. An increase in the frequency of satellite launches has fueled demand for green technologies and cost-effective satellite placement.

The cash will be used for the company’s 4-thruster modules, which are expected to hit the market by the end of the year. Bellatrix also announced that it had secured contracts with ISRO and other clients. “The funds will also go toward the company’s evolution into a full-fledged space transportation technology company, with its unique Orbital Transfer Vehicle capable of quickly deploying customer satellites to their orbits and performing missions to geostationary orbit (GEO) and beyond,” according to the press release.

We try our  best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by! 

Next Article

Previous articleIvy Homes raises USD 7 million in Seed Funding
Next articleIndia-based diagnostic lab service startup Orange Health raises USD 25 million in Series B
Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.


Please enter your comment!
Please enter your name here