VC Fund Investments
Spacetech co. EtherealX attracts $5-M from YourNest, others
Bengaluru-based spacetech startup EtherealX has raised USD 5 million (INR 42 crore) in a seed round led by YourNest, with participation from BIG Global Investments JSC, BlueHill Capital, Campus Fund, and Golden Sparrow Ventures, among others.EtherealX aims to solve the problem of high launch costs with a fully reusable medium-lift vehicle, offering reusability to help reduce transportation costs and cut launch timeframes.The company will use the funds to develop engines for its fully reusable medium-lift launch vehicle, Razor Crest Mk-1.C. It plans to validate its technology with a Technology Demonstrator Vehicle (TDV) set to launch in 2026.
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