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Spacetech startup EtherealX raises first funding round

Feb 05, 2024•almost 2 years ago
BengaluruDefense and Space Manufacturing

Investors

Riceberg VenturesBlue Hill CapitalCampus Fund

Description

EtherealX has raised its first institutional funding round from Campus Fund, BlueHill Capital, and Riceberg Ventures for its semi-cryogenic rocket engine, with plans to develop the Razor Crest Mk-1, a fully reusable medium-lift launch vehicle for orbital payloads.

Company Information

Company

EtherealX

Location

Bengaluru, Karnataka, India

About

We design, develop, and build next-generation launch vehicles and spacecraft. The company is founded to significantly reduce space transportation costs, enable quick scientific growth, and foster a spacefaring civilization.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers