Bellatrix Aerospace Nets $20 Mn To Scale Satellite Propulsion Commercially

Spacetech startup Bellatrix Aerospace has secured $20 Mn (₹189.7 Cr) in a Pre-Series B funding round led by Cactus Partners to build business momentum via customer deployments moving forward.

While new investors Hero Investment Office, 35 North Ventures, Indusbridge Ventures and Monarch Holdings joined Bellatrix cap table, existing investors Inflexor Ventures, Pavestone VC, GrowX, Startup Xseed and Survam Partners doubled down on their bet on the spacetech startup.

The fresh funding will help Bellatrix expand its manufacturing facilities and scale its implementation of high-throughput production lines. A portion of the capital will be used in aiding its active customer programs and strengthening operations.

“Having successfully flight-qualified our core technologies, we are now focused on building a repeatable, reliable, and world-class production propulsion system. This investment allows us to increase our annual production capacity significantly, ensuring we remain the most trusted partner for operators requiring propulsion at scale,” Bellatrix Aerospace cofounder and CEO Rohan Ganapathy said.

Founded in 2015 by Ganapathy and Yashas Karanam, Bellatrix Aerospace builds a range of propulsion technologies — including the Rudra green monopropellant thrusters, Arka Hall-effect electric thrusters, the water-based Jal propulsion system and Rudra Nano for small satellites — designed for low earth orbit and geostationary satellites. 

Its solutions focus on improving satellite performance while lowering handling costs and environmental impact, with applications across commercial satellite operators, aerospace companies and government agencies such as ISRO and DRDO.

Competing with SatSure, Skyroot Aerospace, Agnikul Cosmos, and Dhruva Space, Bellatrix has secured around $31 Mn since its inception.

The funding comes amid rising investment momentum in the spacetech sector. Funds deployed in the Indian spacetech segment surged 94% in 2025 with $157 Mn, up from $81 Mn in 2024, based on Inc42’s Annual Indian Startup Trends Report, 2025.

Investors are allocating more funds towards this segment in recent times. For instance, 360 ONE Asset launched a multi-stage defence and space strategy fund, with a target corpus of ₹1,000 Cr that has been already raised in January. 

Prior to that, SIDBI Venture Capital Ltd (SVCL) announced the first close of Antariksh Venture Capital Fund (AVCF) at ₹1,005 Cr, to back early and growth stage Indian spacetech startups in November 2025.

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