Bellatrix Aerospace

Overview

FLIGHT-QUALIFIED — scaling production

Technology

Products — ARKA Hall-effect thruster

Products — RUDRA green chemical propulsion

Products — Microwave plasma thrusters

Products — Orbital Transfer Vehicles

Unique tech: World's first heaterless hollow cathode

Model: Vertically integrated — design through AIT in-house

Key achievements

ARKA and RUDRA flight-qualified in space

US manufacturing presence

MoU with NSIL for OTV integration on launch missions

Funding

Total raised: ~$34.4 million across 6 rounds from 39 investors

Latest round: $20M (₹189.7 crore) Pre-Series B, March 2026, led by Cactus Partners

Investors — Cactus Partners

Investors — Hero Investment Office

Investors — 35 North Ventures

Investors — Indusbridge Ventures

Investors — Monarch Holdings

Investors — Inflexor

Investors — Pavestone VC

Investors — GrowX

Investors — Startup Xseed

Investors — Survam Partners

Investors — BASF Venture Capital

In progress: Reported in talks for up to $100M Series B (July 2026) — UNCONFIRMED

Ownership: Founders 26.88%, funds 50.05%, enterprises 3.03%, angels 4.46%

Future plans

Next milestone: Project 200 VLEO demonstration (<200 km)

Timeline: 2026 target, not reconfirmed in 2026 reporting

Research notes

Quote context: Ganapathy: the company has 'successfully flight-qualified our core technologies' and is now focused on 'a repeatable, reliable, and world-class production propulsion system.' The framing shift from R&D to manufacturing is the story here.

Import provenance

Imported from IFSC Archive dataset v5.0, research snapshot 2026-08-16.