Astrophel Aerospace Secures Funding for Reusable Launch Vehicles

Astrophel Aerospace, a deep-tech space startup, has raised Rs 6.84 crore (approximately $800K) in a pre-seed funding round. This investment comes from a consortium of angel investors and venture firms.

Utilising Funds for Advanced Development

The Pune-based startup plans to utilise these funds to construct a prototype of its reusable semi-cryogenic launch vehicle and to enhance its in-house R&D activities, focusing on advanced missile-grade guidance and propulsion systems.

Background and Vision of Astrophel Aerospace

Founded in 2022 by Suyash Bafna, Astrophel Aerospace is dedicated to creating cost-effective, reusable launch vehicles specifically designed for small satellites. The company operates a vertically integrated model, allowing it to design, engineer, and test propulsion systems all within the organisation.

Innovations in Launch Vehicle Technology

The firm’s Astra C1 series rockets feature in-house developed semi-cryogenic engines, constructed using a blend of 3D printing techniques and modular assembly. Astrophel is proud to be among a select group of Indian private firms that have successfully test-fired a semi-cryogenic engine, accomplishing this feat with just Rs 6 lakh in internal resources and no prior external funding.

Aiming for a Functional Prototype

Astrophel Aerospace is ambitious, striving to achieve a working, reusable prototype within the next 2–3 years. The startup is developing its flagship Potentia C1U engine, leveraging modular design and manufacturing principles derived from the automotive industry. Furthermore, the company has established a Memorandum of Understanding with ISRO to facilitate co-development and testing.

Market Competitors

In India, Astrophel Aerospace faces competition from several key players, including Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace, and Pixxel, among others.