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Aerospace, Maritime and Defense Tech Series A Founded 2022

EtherealX

EtherealX is a space technology company that develops fully reusable medium-lift launch vehicles and propulsion systems for orbital space transportation. The company is building the Razor Crest Mk 1 (RCM1), positioned as the world's first fully reusable medium-lift launch vehicle, engineered for high cadence, precise orbital insertion, and stable launch economics. The vehicle supports up to 16 orbit insertions using…

📍 Bengaluru, India · Space Tech

Funding snapshot

Last roundSeries A
Amount$2M
Date25 March 2026
Total raised$28M
Valuation65,226,905 (Jan 6, 2026)
Team size26

About

EtherealX is a space technology company that develops fully reusable medium-lift launch vehicles and propulsion systems for orbital space transportation. The company is building the Razor Crest Mk 1 (RCM1), positioned as the world's first fully reusable medium-lift launch vehicle, engineered for high cadence, precise orbital insertion, and stable launch economics. The vehicle supports up to 16 orbit insertions using the upper stage, enabling multi-customer and multi-payload missions in a single launch. With full vehicle recovery, EtherealX achieves a 72-96 hour turnaround time, where launch operations are driven by refurbishment timelines rather than long manufacturing lead times. The vehicle is configured in expendable, partially reusable, and fully reusable variants, adapted for diverse payload masses and flexible orbital insertion profiles. The company's engines utilize RP1/LOX propellant with a closed gas generator feed cycle. EtherealX operates India's largest privately-owned rocket testing facility, spanning 700,000 square feet in Cuddalore, Tamil Nadu. The company offers launch services for commercial and institutional missions, multi-orbit deployment, and upcoming point-to-point cargo delivery capabilities. Founded in 2022 and headquartered in Bengaluru, India, EtherealX has raised $28.3M in Series A funding from investors including YourNest, BIG Global Investments JSC, Campus Fund, Golden Sparrow, Sg Grow, Bluehill VC, Big Capital, Riceberg Ventures, Seraphim, TDK Ventures, Accel, Prosus, Accel Atoms, KickSky, and Forge.

Business model

Space Tech > Launch Vehicles > Large Payload > Reusable

Institutional investors

YourNest BIG Global Investments JSC Campus Fund Golden Sparrow Sg Grow Bluehill VC Big Capital Riceberg Ventures Seraphim TDK Ventures Accel Bluehill Capital Prosus Accel Atoms KickSky

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