Pune-based deep-tech aerospace startup Astrophel Aerospace has raised ₹6.84 crore (approximately $800,000) in a pre-seed funding round to develop a reusable semi-cryogenic launch vehicle and missile-grade guidance systems.
The round was led by individual investors and angel venture firms. Astrophel plans to use the funds to strengthen in-house research and development, scale propulsion capabilities, and expand testing infrastructure.
The startup is also collaborating with ISRO through a signed memorandum of understanding for joint research, development, and testing. It aims to test a working prototype within 24 to 36 months.
Astrophel is among the few Indian startups to have successfully test-fired a semi-cryogenic engine. This milestone was achieved with an investment of only ₹6 lakh (approximately USD 7,000) and without any external funding before the current round.
The company is adopting a modular, systems-first approach, influenced by the auto manufacturing industry, to develop its Potentia C1U engine. It is also co-producing cryogenic valves with a listed Indian manufacturer for dual-use in commercial and defence applications.
“India’s private space sector is ready to tackle high-complexity, deep-tech challenges in aerospace,” said Suyash Bafna, co-founder and CEO at Astrophel Aerospace. “We’re building reusable systems and precision components that reduce costs and will usher in a new age of space access for India.”
According to the Department of Space (DoS), India’s space economy is projected to grow from $8.4 billion in 2024 to $44 billion by 2033. Over 8,500 small satellites are expected to be launched globally during this period.
“Reusable rockets, turbopump-fed engines and missile-grade guidance systems are among the toughest challenges in aerospace today. The funding will enable us to deep-dive into development while staying lean and execution-focused,” said co-founder Immanuel Louis.
Astrophel also recently received backing from the Indian government through MeitY Startup Hub, securing a tranche of ₹40 lakhs in investments and funding under the MeitY SAMRIDH Scheme. Astrophel is working toward its first suborbital launch and aims to position itself as a key player in India’s propulsion and launch infrastructure ecosystem.
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