The funding spherical noticed the participation of StartupXseed, Pavestone Capital, Survam Companions, Karsemven Fund, the Mankind Pharma household workplace, and different distinguished household workplaces and angel traders, mentioned a press release.
Bellatrix, based in 2015 by co-founders Rohan Ganapathy and Yashas Karanam, presents chemical and electrical propulsion applied sciences. It runs a big analysis facility at SID-IISc for satellite tv for pc propulsion. It additionally boasts of a powerful IP portfolio in these applied sciences.
Not too long ago,
ET had reported that Bellatrix had examined an eco-friendly propulsion system for satellites that cuts a brand new path from the hydrazine-dependent gasoline techniques and delivers gasoline effectivity potential as much as 20% for house satellites.
Bellatrix’s CEO and CTO Ganapathy mentioned the funding would support in increasing product portfolio, and rent extra folks to broaden experience, apart from “augmenting our state-of-the-art infrastructure and deal with validation of our merchandise in house.” For the lead investor, the Bellatrix funding signifies an entry on the proper time: “In India particularly, this trade is presently experiencing an unprecedented upturn,” Markus Solibieda, MD at BASF Enterprise Capital GmbH, mentioned.
Venkat Vallabhaneni, managing accomplice, Inflexor Ventures, mentioned:”We see the house trade is rising exponentially, and Bellatrix’s merchandise will play a serious half in democratizing entry to the house trade with their cost-effective and power-efficient thruster techniques, very best for small satellite tv for pc producers.”
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Bellatrix operates in high-growth markets of in-space propulsion and orbital switch autos, areas the place the next variety of satellite tv for pc launches has given rise to demand for inexperienced applied sciences and cost-effective satellite tv for pc placement.
“Orbital Switch Autos have turn out to be the brand new technique of reaching
on rideshare missions for micro and small satellites,” the assertion mentioned.
The corporate mentioned the funds could be used for its 4-thruster modules slated to hit the market by year-end. Bellatrix additionally mentioned it has bagged some contracts with ISRO and different prospects. “The funds are additionally used in the direction of the corporate’s evolution right into a full-fledged house transportation know-how firm with its distinctive Orbital Switch Car with capabilities to deploy buyer satellites to their orbits shortly in addition to carry out missions to the geostationary orbit (GEO) and past,” mentioned the assertion.
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