The spacetech company EtherealX has secured its initial institutional investment round led by investors Riceberg Ventures, Campus Fund, and BlueHill Capital.
The business plans to put the undisclosed capital toward the development of a 40 kilonewton, privately manufactured semi-cryogenic missile engine, as reported by The Economic Times.
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The Razor Crest Mk-1, the most potent and economical launch vehicle/rocket in globally, is being built by EtherealX and will be the first in Asia-Pacific and India.
Over the next ten years, Nair stated, the eleven-person EtherealX team hopes to launch 25 times and place more than 500 tons into orbit.
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EtherealX is a Bangalore-based company that designs, develops, and constructs spacecraft and launchers.
About EtherealX
Founded by Manu Nair, Prashanth Sharma, and Shubhayu Sardar in 2022, EtherealX was founded to significantly reduce space transportation costs, enable quick scientific growth, and foster a spacefaring civilization.
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