Bellatrix Aerospace raises $20 million in pre-Series B funding led by Cactus Partners
30 Mar 2026, 01:05 PMThe funding round saw participation from new investors such as Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings
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Spacetech startup Bellatrix Aerospace said it has raised $20 million in a pre-Series B funding round led by Cactus Partners.
The funding round saw participation from new investors such as Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings, said Bellatrix Aerospace in a statement.
Existing investors Inflexor, Pavestone, GrowX, Startup Xseed, and Survam Partners also contributed to the funding round, it added.
The company will use the fresh capital for expansion of manufacturing facilities and the implementation of high-throughput production lines to meet the surging demand from both international and domestic satellite constellations.
"This investment allows us to increase our annual production capacity significantly, ensuring we remain the most trusted partner for operators requiring propulsion at scale," said Rohan Ganapathy, co-founder and CEO, Bellatrix Aerospace.
Bellatrix Aerospace, which was founded in 2015 Ganapathy and Yashas Karanam, is developing advanced electric and chemical propulsion systems that cater to satellites of all classes and a wide range of mission requirements.
Earlier this month, another spacetech startup Skyroot Aerospace raised Rs 100 crore in a debt round from BlackRock.
Last year in November, Agnikul Cosmos secured about Rs 150 crore in a new funding round that valued the company at $500 million.
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