How Space Tech Startup EtherealX is Fuelling Future of Reusable Rockets?

The Bengaluru based startup EtherealX is aiming for the stars with reusable rocket technology. The space tech startup has secured $5 million in seed funding. The round was led by YourNest and saw participation from BIG Global Investments JSC, BlueHill Capital, among others. This fresh capital injection will fuel the development of EtherealX's groundbreaking reusable rocket technology, propelling the startup to new heights.

Why Reusable Rockets Matter: A Paradigm Shift in Space Travel

Reusable rockets represent a transformative leap in the economics and sustainability of space travel. Unlike traditional expendable rockets, reusable launch vehicles can be landed, refurbished, and re-flown, significantly reducing the cost of each mission. According to reports, estimates suggest that refurbishing and relaunching a rocket can be up to 65% cheaper than building a new one, with a 30x lower cost overrun. Moreover, reusable rockets consume less fuel, making them an environmentally friendly alternative.

The advent of reusable rockets has opened up the space market to a wider array of companies. Satellite startups, for example, can now affordably launch payloads on reusable rockets, thanks to the reduced costs and the ability to partition payload space. This accessibility is crucial for fostering innovation and competition in the space industry.

EtherealX's Vision: Fully Reusable Launch Vehicles

EtherealX is on a mission to push the boundaries of space technology. The startup will use the newly raised funds to develop engines for its fully reusable medium-lift launch vehicle, the "Razor Crest Mk-1." Announced on August 6, the Razor Crest Mk-1 aims to bring a new level of efficiency and cost-effectiveness to space launches.

Founder and CEO Manu J Nair outlined the plans, stating, “The funds from this round will be utilized towards the completion of our test facility, final tests and qualification of the 40kN engine for the upper stage, and for the manufacturing of the 925kN semi-cryogenic engine.”

Unlike SpaceX's Falcon 9, which provides partial reusability by recovering its booster, EtherealX is designing its vehicles to retrieve both the upper stage and the booster, setting a new standard in the industry.

EtherealX was founded in 2022 by a team of ex-ISRO scientists, including Nair, COO Shubhayu Sardar, and CTO Prashant Sharma. Their combined expertise is driving the startup's innovative approach to space travel.

Nair emphasized the company's unique value proposition: “Class-specific launch vehicles have always been limiting, both technologically and cost-wise. We solve this with a clear tech advantage, addressing both frequency and pricing challenges. We are thrilled our investors share this broader vision for our civilization and high-impact technology. Together, we shall recalibrate the preconceived notions of what’s possible."

Revolutionizing Payload Delivery

The Razor Crest Mk-1 is designed to launch 8 tonnes into low Earth orbit and handle payloads of more than 24.8 tonnes in a disposable configuration and 22.8 tonnes in a partially reusable configuration. It will be capable of delivering payloads into geostationary transfer and trans-lunar injection orbits, further showcasing EtherealX's cutting-edge capabilities.

India's Growing Footprint in Space Tech: A Look at the Numbers

India's space industry is undergoing a transformative shift, driven by visionary startups like EtherealX. The emergence of reusable rocket technology promises to revolutionize space travel, making it more cost-effective and sustainable. As the global space economy expands, Indian startups are poised to play a pivotal role, with EtherealX leading the charge.

With continued innovation and investment, EtherealX and other Indian startups are set to position the country as a major player in the future of space exploration. The convergence of technological advancements, strategic funding, and collaborative efforts will be the driving force behind this promising sector, making space travel more accessible and sustainable for all.

India's space technology sector witnessed a substantial increase in funding in 2023, attracting $126 million, a 7% rise from the $118 million raised in 2022. This growth marks a remarkable 235% increase from the $37.6 million garnered in 2021, according to data from intelligence platform Tracxn.

As of 2024, the year-to-date funding for India's space tech sector stands at $10.8 million, indicating a steady continuation of investor interest in this burgeoning industry.

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