EtherealX

EtherealX

Developer of reusable medium-lift launch vehicles and related propulsion systems

Founded

2022

Headquarters

Bengaluru

Status

Series A

Company Details

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.

Core Products and Services

  • 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.

Business Model and Revenue Streams

  • 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.

Key People

Manu J Nair

Prashanth Sharma

Shubhayu Sardar

Key Metrics

Total Equity Funding

$26.3Million

No. of Funding Rounds

4

Latest Funding Round

$21Million, Series A

as of December 21, 2025

Post Money Valuation

$13.7Million

as of March 10, 2025

Funding Multiple

-

as of N/A

Investors

Accel

and 4 more

Employee Count

55

Similar Companies

AgniKul

Exit Details

No Exits

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
December 21, 2025Series A$21Million---TDK Ventures, Big Capital, Accel
June 24, 2024Seed$5Million$11.7Million$36.9K-YourNest, Big Capital, BIG Global Investments JSC, Campus Fund, Golden Sparrow, SGgrow, Bluehill VC
June 23, 2023Seed$341K$2.41Million$1.44K-Campus Fund, Riceberg Ventures, Bluehill VC

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