Spacetech startup EtherealX raises $5 Mn in seed funding led by YourNest.
The fresh capital will be used to develop engines for fully reusable medium-lift launch vehicles.
EtherealX aims to capture 30-40% market share by offering lower launch costs.
Bengaluru-based spacetech startup EtherealX has raised $5 Mn (INR 42 Cr) in a seed funding round led by YourNest, with participation from BIG Global Investments JSC, BlueHill Capital, Campus Fund, Golden Sparrow Ventures and others.
The startup plans to use the fresh funds to develop engines for their fully reusable medium-lift launch vehicle, Razor Crest Mk-1.C