Bellatrix Aerospace raises $20M funding

Bellatrix Aerospace, an Indian spacetech startup, has successfully raised $20 million in a Pre-Series B funding round. The round was led by Cactus Partners and saw participation from new investors including United Arab Emirates — Abu Dhabi Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings, alongside continued support from existing investors such as Inflexor Ventures, Pavestone Ventures, GrowX Ventures, StartupXseed Ventures, and EQT AB. The capital will be primarily used to expand Bellatrix Aerospace's manufacturing facilities, implement high-throughput production lines, and strengthen operational readiness to meet the increasing demand for its electric and green propulsion systems from both international and domestic satellite constellations. Co-founders Rohan Ganapathy and Yashas Karanam emphasized the company's transition from flight-qualified technologies to large-scale commercial production, aiming to improve annual production capacity and optimize unit economics. This investment comes amidst a growing global demand for propulsion systems and increased funding momentum in the Indian spacetech sector, driven by the expansion of low-earth orbit satellite constellations and government initiatives to support private players.