2021
Pune (India)
Seed
Astrophel Aerospace is a deep-tech aerospace startup on a mission to democratize space access through reusable, cost-efficient rocket technology. Astrophel’s unique value proposition lies in its “frugal-first” approach: building world-class, reusable semi-cryogenic launch vehicles and critical space-grade components at a fraction of traditional costs. Its innovations are not just technical but also economic, leveraging indigenous engineering, in-house manufacturing, and partnerships with ISRO and Indian defense to disrupt a market long dominated by government and global giants.
Reusable Launch Vehicles: Semi-cryogenic, turbopump-driven rocket engines for low-cost, reusable orbital and suborbital launches. In-house development of cryogenic valves, seals, and cooling systems, with successful test-firing milestones.
Space-Grade Components: Cryogenic propulsion subsystems, guidance and avionics modules, and missile-grade components for defense and industrial use.
Aerospace EdTech: Educational programs and hands-on training for students and professionals in space technology and engineering.
Product Sales: Engines, propulsion subsystems, and space-grade components to commercial, defense, and industrial clients.
Launch Services: (Planned) Reusable launch vehicle missions for small satellites and payloads.
EdTech & Training: Aerospace education and certification programs.
B2B: Indian defense and industrial sectors, global satellite operators, and space agencies.
B2C: Students and professionals via EdTech offerings.
1. Key Partners
ISRO: Project development MoU for cryogenic pump certification and testing.
Meson Valves: Industrial/defense technology transfer partnership.
Incubators: BITS Pilani, IIT Bombay, Maker Village Kerala.
2. Investors & Grants
Angel investors, Startup India Seed Fund, NIDHI-PRAYAS, MeitY SAMRIDH, JITO JIIF, Soonicorn Ventures, Operator Angels.
Reusable Rocket Development: Continue R&D and prototyping toward India’s first low-cost, reusable launch vehicle.
Component Commercialization: Scale up sales of cryogenic and missile-grade components to defense and industrial clients.
Global Expansion: Leverage Indo-Belgian and other international partnerships for technology transfer and market access.
EdTech Scaling: Expand aerospace education offerings as India’s space sector matures.
Capital Intensity: High R&D costs and long gestation periods typical of aerospace deep-tech.
Regulatory/Geopolitical: Export controls, defense sector procurement cycles, and global launch market competition.
$800 K
2
$800 K, Seed
as of July 1, 2025
-
as of N/A
-
as of N/A
Soonicorn Ventures
12
Olee
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
July 1, 2025 | Seed | $800 K | - | - | - | - |
April 24, 2024 | Seed | Undisclosed | - | - | - | Soonicorn Ventures |