2022
Bengaluru
Series A
EtherealX is an Indian space technology startup specializing in reusable launch vehicles to reduce space transportation costs. The company focuses on developing advanced propulsion systems and medium-lift rockets for efficient satellite deployments.
Razor Crest Mk-1 Launch Vehicle: Fully reusable medium-lift rocket with 9 liquid rocket engines, capable of delivering 24.8 tones to Low Earth Orbit in expendable mode or 8 tones in fully reusable configuration.
Liquid Rocket Engines: Proprietary 40kN upper stage and 925kN semi-cryogenic engines designed for efficient propulsion and reentry recovery.
Commercial Launch Services: Earth-to-orbit transportation for satellites and payloads, targeting satellite manufacturers, operators, and space agencies.
Launch Service Contracts: Primary revenue generated through payload deployment agreements with commercial satellite operators, scientific organizations, and government space agencies seeking cost-effective access to space.
Reusability Economics: Cost reduction through full rocket reusability model, enabling competitive pricing compared to traditional expendable launch providers and attracting repeat customers.
Capital Funding Strategy: Leverages venture funding (raised $5 million seed round) to develop infrastructure, conduct tests, and achieve operational launch capability, with planned profitability through recurring launch operations post-commercialization.
$26.3Million
4
$21Million, Series A
as of December 21, 2025
$13.7Million
as of March 10, 2025
-
as of N/A
Accel
and 4 more55
AgniKul
No Exits
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| December 21, 2025 | Series A | $21Million | - | - | - | TDK Ventures, Big Capital, Accel |
| June 24, 2024 | Seed | $5Million | $11.7Million | $36.9K | - | YourNest, Big Capital, BIG Global Investments JSC, Campus Fund, Golden Sparrow, SGgrow, Bluehill VC |
| June 23, 2023 | Seed | $341K | $2.41Million | $1.44K | - | Campus Fund, Riceberg Ventures, Bluehill VC |