Bellatrix Aerospace Raises Rs 107 Crore in Series B Funding

Bellatrix Aerospace, a pioneering entity in spacetech, is in the process of securing Rs 107 crore (approximately $11.7 million) during its Series B funding round, which involves both new and existing investors. Based in Bengaluru, the company is seeking fresh capital after a hiatus of nearly 12 months.

The board of Bellatrix Aerospace has passed a special resolution authorising the issuance of 10 equity shares along with 8,337 Series B preference shares at a price of Rs 127,695 each to amass the stated amount, as revealed by regulatory filings accessed by Startup Superb.

Leading Investors in the Series B Round

Cactus Partners Fund will take the lead in this funding round with an investment of Rs 28.5 crore, followed by Hero Enterprise Partner Ventures, which will contribute Rs 25 crore. GrowX Ventures and 35 North India Growth will also participate with investments of Rs 16.26 crore and Rs 13 crore, respectively. The remaining funds will come from other current investors.

Valuation and Company Growth

Estimates from Startup Superb indicate that the company will reach a valuation of approximately Rs 870 crore, representing a notable 2.7X increase compared to its prior funding round.

Established in 2025, Bellatrix Aerospace focuses on developing cutting-edge propulsion systems intended for satellites. The company’s innovative technology facilitates the launch of small satellites into orbit and assists in deploying large communication satellites to geostationary orbit.

Expansion Plans in the United States

Last year, Bellatrix Aerospace also announced its intention to extend operations into the US market and unveiled plans to establish a manufacturing facility for propulsion systems in Delaware, aimed at serving American clientele.

Funding History

To date, Bellatrix has successfully raised a total of $24.2 million, which includes a $3 million pre-Series B round in April 2025 and an $8 million Series A round in 2022. Backed by BASF Venture Capital, the firm is currently in the pre-revenue phase. Recent reports indicate a modest revenue of Rs 1.75 crore, with losses recorded at Rs 25.27 crore for the same period.