Indian spacetech startup EtherealX is poised to revolutionize the global space industry with its ambitious plans to develop fully reusable launch vehicles, and it has now attracted significant investment interest.
According to sources, TDK Ventures and Accel, alongside other investors like Prosus, are in advanced talks to back EtherealX with a funding round estimated at $20-25 million.
The Rise of EtherealX in India’s Spacetech Sector
Founded in 2022 by Manu J Nair, Shubhayu Sardar, and Prashant Sharma, EtherealX aims to compete with industry giants like SpaceX by building reusable medium-lift rockets such as the Razor Crest Mk-1.
This innovative rocket is designed to carry substantial payloads into Low Earth Orbit (LEO) and Geostationary Transfer Orbit (GTO), offering cost-effective solutions for satellite launches.
A Game-Changer for Space Accessibility
The company’s focus on full reusability addresses one of the biggest challenges in space travel: the high cost of single-use rockets, potentially slashing launch expenses significantly.
EtherealX’s technology could democratize access to space for smaller companies and nations, fostering a new era of innovation and exploration.
India’s Growing Role in Global Spacetech
India has been making strides in the space sector, with organizations like ISRO paving the way and private startups like EtherealX now stepping into the spotlight.
The backing from global investors like TDK Ventures and Accel signals strong confidence in India’s potential to become a hub for cutting-edge space technology.
Historically, India’s space endeavors have focused on cost-efficiency, and EtherealX builds on this legacy with a vision for sustainable and scalable solutions.
Future Implications and Challenges Ahead
Looking ahead, EtherealX’s success could inspire a wave of innovation in reusable rocket technology, positioning India as a key player in the global space race.
However, the road to fully reusable rockets is fraught with technical and financial challenges, and EtherealX will need to navigate these hurdles to deliver on its promises.
With this potential $20-25 million investment, the startup is well-positioned to accelerate its research, testing, and eventual deployment of the Razor Crest Mk-1, marking a significant milestone for both the company and India’s spacetech ambitions.
Andrew Lee
