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- EtherealX Rockets to New Heights with $5M Seed Round
EtherealX Rockets to New Heights with $5M Seed Round
EtherealX, a Bengaluru-based spacetech startup, has secured $5 million in seed funding led by YourNest, with contributions from BIG Global Investments JSC, BlueHill Capital, Campus Fund, and others.
Funding Purpose: The funds will develop engines for EtherealX's fully reusable medium-lift launch vehicle, Razor Crest Mk-1.
Company Background: Founded in 2022 by former ISRO engineers Manu J. Nair (CEO), Shubhayu Sardar (COO), and Prashant Sharma (CTO), EtherealX aims to transform space transportation.
Launch Capabilities: The Razor Crest Mk-1 can launch 8 tonnes into lower Earth orbit (LEO) with full reusability. It also offers options for carrying payloads of over 24.8 tonnes into LEO in a disposable configuration and 22.8 tonnes in a partially reusable configuration.
Advanced Mission Profiles: Beyond LEO, the Razor Crest Mk-1 is designed to deliver payloads into geostationary transfer and trans-lunar injection orbits, expanding the horizons of space exploration.
EtherealX's breakthrough in fully reusable launch vehicles could significantly reduce the cost of space travel, making space more accessible and sustainable.