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Four Indian spacetech startups drive transformation of private spaceflight

Four Indian spacetech startups drive transformation of private spaceflight
How four cool spacetech start ups are bringing about a transformation · businesstoday.in

Rockets are giant machines that carry satellites into space, and for many years only governments could build them.

Now, some companies in India are building their own rockets and space technologies.

One company, Skyroot, recently launched its new rocket called Vikram-1 from India for the first time.

That launch was a test to collect information from every part of the rocket.

Another company, Agnikul, wants to launch satellites for customers and one day reuse its rockets to save money.

EtherealX is building an even bigger rocket that can carry many satellites at once, like the rockets of a famous company called SpaceX.

Bellatrix makes small engines that help satellites move in space, and its engines use safer, greener fuel.

These companies raised hundreds of millions of dollars to grow their businesses.

They hope space travel will become cheaper and available to more people and countries.

This is a big step for India, because private teams are now helping build the future of space.

Key facts

Skyroot launch
Vikram-1 maiden test flight on July 18, 2026
Skyroot funding
Nearly $60 million raised in May; $1.1 billion pre-money valuation (India's first spacetech unicorn)
Skyroot manufacturing
Capacity for one Vikram-1 rocket per month across two Hyderabad campuses
Agnikul funding
$60 million raised so far
Agnikul commercial mission
First commercial orbital mission expected as early as next year
EtherealX funding
$20.5 million Series A announced in January 2026
EtherealX target launch
First rocket launch by February 2028
Bellatrix funding
Approximately $31 million raised; Bengaluru-based

Quotes

Pawan Kumar Chandana

Co-founder and CEO of Skyroot Aerospace

“"It is the biggest step we have taken. In just over four years we have gone from Vikram-S, India’s first private rocket, on a suborbital demonstration, to attempting orbital launch. That is a large leap."”
businesstoday.in
“"We realized that the single advantage of a small rocket was that it could be launched on demand or frequently. But that advantage was only relevant until reusability was not there in the picture."”
businesstoday.in

Sources

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