Reusable satellite launch vehicle maker Space Philic raises funding

Kanpur-based space-tech company Space Philic has raised pre-seed funding from a group of angel investors. Blueroot NextGen Solution LLP and Alphavalue Consulting served as financial advisors to the transaction.Founded in 2022 by Indra Narayan Chaudhary, Space Philic develops reusable launch vehicles and indigenous propulsion systems for small-payload missions. Its flagship RUPAK reusable launch vehicle is designed to carry payloads of up to 250 kg to low Earth orbit.