Bellatrix Aerospace has raised $20 million in a pre-Series B funding round led by Cactus Partners, as the company looks to expand production of its satellite propulsion systems.
The Bengaluru-based firm said the new capital will be used to increase manufacturing capacity in response to growing demand from satellite constellations in India and international markets.
“This investment allows us to significantly increase annual production capacity,” said Rohan Ganapathy, Chief Executive Officer of Bellatrix Aerospace.
Founded in 2015, Bellatrix develops propulsion technologies for satellites and operates both in India and the United States.
The funding round attracted several new investors, including Hero Investment Office, 35 North Ventures, Indusbridge Ventures and Monarch Holdings, alongside existing backers such as Inflexor, Pavestone, GrowX and Survam Partners.
The investment comes as India continues to open its space sector to private companies beyond the state-run Indian Space Research Organisation, supported by government initiatives including a 10 billion rupee ($105.5 million) fund aimed at fostering startups.
