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EtherealX raised $5 million in a funding round led by YourNest to develop reusable launch vehicle engines.

Aug 06, 2024over 1 year ago

Amount Raised

$5 Million

BengaluruDefense and Space Manufacturing

Investors

Golden Sparrow VenturesCampus FundBlue Hill CapitalBig Global InvestmentsYour Nest

Description

Space technology startup EtherealX has raised $5 million in a funding round led by YourNest. The funds will be utilized for the completion of their test facility and final tests of the engine for their fully-reusable medium-lift launch vehicle.

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