# EtherealX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/etherealx

- Industry: Aerospace
- Headquarters: Bangalore, India
- Website: www.etherealx.space
- Total disclosed funding: $26M
- Latest round: Series A (Dec 21, 2025)
- Investors on record: 10

## About

Established in 2022 and based in Karnataka, India, Ethereal Exploration Space and Defence Private Limited, trading under the name EtherealX, operates as an aerospace-based company developing space vehicles and spacecraft, reducing the risks associated with space transportation. In December 2025, EtherealX raised USD 20.5 million in series A funding co-led by B.I.G. Capital and TDK Ventures with participation from Riceberg Ventures, Golden Sparrow Ventures, Campus Fund, BlueHill Capital, YourNest Capital Advisors, Accel and Prosus Ventures.
EtherealX developed the Razor Crest Mk-1, which is a reusable vertical landing medium-lift launch vehicle that supports increasing payload capacity and can transport 4.8 tonnes to the Low Earth Orbit (LEO), 10.8 tonnes to the Geostationary Transfer Orbit (GTO), and 6.8 tonnes to the Trans-Lunar Injection (TLI). The company’s vehicle features the powerful Stallion engine, recognized as one of the most potent liquid rocket engines globally, with a thrust of 925 kilonewtons. The company generates revenue through commercial satellite launch services, propulsion system sales, testing contracts, and aerospace technology licensing

The company plans to use the funding from December 2025vto develop its reusable launch vehicle and scale its technology, research, and mission capabilities.

## Funding rounds

- Series A, Dec 21, 2025, $21M — Accel, YourNest Capital Advisors, B.I.G. Capital, Prosus Ventures, TDK Ventures, BlueHill Capital, Golden Sparrow Ventures, Riceberg Ventures, Campus Fund
- Seed, Feb 5, 2024, $5M — YourNest Capital Advisors, B.I.G. Capital, SGrow Venture Partners, BlueHill Capital, Golden Sparrow Ventures, Riceberg Ventures, Campus Fund

## Investors

- YourNest Capital Advisors (https://capitalatlas.ai/funds/yournest-capital-advisors) — Seed, Series A
- B.I.G. Capital (https://capitalatlas.ai/funds/b-i-g-capital) — Seed, Series A
- SGrow Venture Partners (https://capitalatlas.ai/funds/sgrow-venture-partners) — Seed
- BlueHill Capital (https://capitalatlas.ai/funds/bluehill-capital) — Seed, Series A
- Golden Sparrow Ventures (https://capitalatlas.ai/funds/golden-sparrow-ventures) — Seed, Series A
- Riceberg Ventures (https://capitalatlas.ai/funds/riceberg-ventures) — Seed, Series A
- Campus Fund — Seed, Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series A
- TDK Ventures (https://capitalatlas.ai/funds/tdk-ventures) — Series A