Indian Space Company Bellatrix Secures $20M to Boost Satellite Production

Bellatrix Aerospace, an Indian satellite propulsion manufacturer, has secured $20 million in new funding to expand its manufacturing capabilities. The company plans to use the investment to meet growing demand for its propulsion systems from satellite operators worldwide.

An Indian space technology company announced Saturday it has successfully secured $20 million in new investment funding as the nation’s private space industry continues to expand.

Bellatrix Aerospace, which specializes in building propulsion systems for satellites, completed the pre-Series B financing round with Cactus Partners serving as the lead investor. The company plans to use the capital injection to boost its manufacturing operations and fulfill increasing orders from satellite constellation operators both domestically and internationally.

“This investment allows us to significantly increase annual production capacity,” CEO Rohan Ganapathy stated.

The space technology firm, which launched operations in 2015 from its headquarters in Bengaluru, has expanded to include facilities in the United States while focusing on satellite propulsion technology development.

The funding round attracted several new investment partners, including Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings. Previous investors Inflexor, Pavestone, GrowX, and Survam Partners also participated in the latest round alongside lead investor Cactus Partners.

This investment comes as India has restructured its space industry policies, allowing private companies to compete alongside the government-operated Indian Space Research Organisation. The country has also established a dedicated startup support fund worth 10 billion rupees, equivalent to approximately $105.5 million, to encourage private sector space ventures.