EtherealX Bags $20.5M To Advance Reusable Rocket Development

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SUMMARY

EtherealX has raised $20.5 Mn (about INR 185 Cr) in a Series A funding round at a valuation of $80.5 Mn. The round was led by TDK Ventures and BIG Capital, with participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund and Riceberg Ventures

The startup will deploy the capital towards designing and testing a fully reusable launch vehicle, with plans to carry out engine hot-fire tests by mid-2026 and a technology demonstration flight in late 2027

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EtherealX Bags $20.5M To Advance Reusable Rocket Development


SUMMARY

EtherealX has raised $20.5 Mn (about INR 185 Cr) in a Series A funding round at a valuation of $80.5 Mn. The round was led by TDK Ventures and BIG Capital, with participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund and Riceberg Ventures

The startup will deploy the capital towards designing and testing a fully reusable launch vehicle, with plans to carry out engine hot-fire tests by mid-2026 and a technology demonstration flight in late 2027

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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