"Ethereal Exploration Guild, an Indian space tech better known as EtherealX, has climbed 5.5x in valuation to $80.5 million after its latest funding round. The startup is developing a launch vehicle designed to be fully reusable and is readying engine hot-fire tests ahead of its first technology demonstration flight, planned for 2027. The Bengaluru-based company confirms that it closed an oversubscribed $20.5 million Series A round led by TDK Ventures and BIG Capital, as TechCrunch reported earlier."
"Satellite operators worldwide are looking for more launch capacity and scheduling flexibility in a market where SpaceX's Falcon 9 has set the benchmark for pricing and cadence. EtherealX is aiming for that space with its fully reusable vehicle designed to return both the booster and upper stag. That's an approach that, if proven, could cut per-launch costs and increase flight frequency without relying on a native constellation to keep rockets fully booked."
EtherealX raised an oversubscribed $20.5 million Series A, taking valuation to $80.5 million after a $5 million seed that valued the company at $14.6 million. Investors include TDK Ventures and BIG Capital as leads, with Accel, Prosus, YourNest, BlueHill, Campus Fund, and Riceberg Ventures participating. The Bengaluru startup is developing a fully reusable launch vehicle intended to return both booster and upper stage to reduce costs and increase flight cadence. Two in-house engines are in development—the 80-kilonewton Pegasus upper-stage engine and the 1.2-meganewton Stallion booster engine—with hot-fire tests targeted for June–July and a technology demonstration flight targeted for November–December 2027, ahead of commercial missions toward the end of 2028.
Read at TechCrunch
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