The funding round saw the participation of StartupXseed, Pavestone Capital<\/a>, Survam Partners, Karsemven Fund, the Mankind Pharma family office, and other prominent family offices and angel investors, said a statement.
Bellatrix, founded in 2015 by co-founders Rohan Ganapathy and Yashas Karanam, offers chemical and electric propulsion technologies. It runs a large research facility at SID-IISc for satellite propulsion. It also boasts of a strong IP portfolio in these technologies.
Recently, ET had reported<\/a> that Bellatrix had tested an eco-friendly propulsion system for satellites that cuts a new path from the hydrazine-dependent fuel systems and delivers fuel efficiency potential up to 20% for space satellites.
Bellatrix's CEO and CTO Ganapathy said the investment would aid in expanding product portfolio, and hire more people to broaden expertise, besides \"augmenting our state-of-the-art infrastructure and focus on validation of our products in space.\" For the lead investor, the Bellatrix investment signifies an entry at the right time: \"In India in particular, this industry is currently experiencing an unprecedented upturn,\" Markus Solibieda, MD at BASF Venture Capital GmbH, said.
Venkat Vallabhaneni, managing partner, Inflexor Ventures, said:\"We see the space industry is growing exponentially, and Bellatrix’s products will play a major part in democratizing access to the space industry with their cost-effective and power-efficient thruster systems, ideal for small satellite manufacturers.\"
Bellatrix operates in high-growth markets of in-space propulsion and orbital transfer vehicles, areas where a higher number of satellite launches has given rise to demand for green technologies and cost-effective satellite placement.
\"Orbit<\/a>al Transfer Vehicles have become the new means of reaching orbit on rideshare missions for micro and small satellites,\" the statement said.
The company said the funds would be used for its 4-thruster modules slated to hit the market by year-end. Bellatrix also said it has bagged some contracts with ISRO and other customers. \"The funds are also used towards the company’s evolution into a full-fledged space transportation technology company with its unique Orbital Transfer Vehicle with capabilities to deploy customer satellites to their orbits quickly as well as perform missions to the geostationary orbit (GEO) and beyond,\" said the statement.
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钦奈:Bengaluru-based太空推进创业贝拉特里克斯 航空航天结论一轮800万美元的资金由吗巴斯夫风险资本GmbH,企业风险公司巴斯夫(BASF SE,早期风投Inflexor企业。
一轮融资看见StartupXseed的参与,Pavestone资本、Survam伙伴Karsemven基金,人类医药家族办公室,和其他著名家族理财室和天使投资人,一份声明中说。
贝拉特里克斯,成立于2015年,创始人Rohan Ganapathy和Yashas Karanam,提供化学和电力推进技术。它运行一个大型研究机构在SID-IISc卫星推进。它还拥有一个强大的IP组合在这些技术。
最近,等报告贝拉特里克斯已经测试一个环保的卫星推进系统削减hydrazine-dependent燃油系统的新路径,并将燃油效率空间卫星可能高达20%。
贝拉特里克斯的首席执行官和首席技术官Ganapathy表示,投资将帮助扩大产品组合,和雇佣更多的人,扩大专业知识,除了“增加我们最先进的基础设施和重点验证我们的产品空间”。For the lead investor, the Bellatrix investment signifies an entry at the right time: "In India in particular, this industry is currently experiencing an unprecedented upturn," Markus Solibieda, MD at BASF Venture Capital GmbH, said.
Venkat Vallabhaneni管理合伙人,Inflexor企业,说:“我们看到了航天工业是呈指数级增长,贝拉特里克斯的产品将在民主化发挥主要部分访问航天工业的成本效益以及功耗推进器系统,适合小卫星制造商。”
贝拉特里克斯在高增长市场运营的太空推进车辆和轨道转移,更多的地区卫星发射引发了对绿色技术和具有成本效益的卫星位置的需求。
”轨道艾尔转移车辆已经到达轨道的新方法对rideshare任务和微小卫星,”声明说。
该公司表示,这笔资金将用于为其4-thruster模块将在年底前上市。贝拉特里克斯还表示,与ISRO袋装一些合同和其他客户。”使用的基金也对公司的转型为一个成熟的空间运输科技公司以其独特的轨道转移飞行器与功能部署客户卫星轨道快速以及执行任务的地球静止轨道(GEO),”声明说。
Chennai: <\/strong>Bengaluru-based in-space propulsion startup Bellatrix<\/a> Aerospace<\/a> has concluded a $8 million funding round led by BASF<\/a> Venture Capital GmbH, the corporate venture company of BASF SE, and early-stage VC Inflexor Ventures.
The funding round saw the participation of StartupXseed, Pavestone Capital<\/a>, Survam Partners, Karsemven Fund, the Mankind Pharma family office, and other prominent family offices and angel investors, said a statement.
Bellatrix, founded in 2015 by co-founders Rohan Ganapathy and Yashas Karanam, offers chemical and electric propulsion technologies. It runs a large research facility at SID-IISc for satellite propulsion. It also boasts of a strong IP portfolio in these technologies.
Recently, ET had reported<\/a> that Bellatrix had tested an eco-friendly propulsion system for satellites that cuts a new path from the hydrazine-dependent fuel systems and delivers fuel efficiency potential up to 20% for space satellites.
Bellatrix's CEO and CTO Ganapathy said the investment would aid in expanding product portfolio, and hire more people to broaden expertise, besides \"augmenting our state-of-the-art infrastructure and focus on validation of our products in space.\" For the lead investor, the Bellatrix investment signifies an entry at the right time: \"In India in particular, this industry is currently experiencing an unprecedented upturn,\" Markus Solibieda, MD at BASF Venture Capital GmbH, said.
Venkat Vallabhaneni, managing partner, Inflexor Ventures, said:\"We see the space industry is growing exponentially, and Bellatrix’s products will play a major part in democratizing access to the space industry with their cost-effective and power-efficient thruster systems, ideal for small satellite manufacturers.\"
Bellatrix operates in high-growth markets of in-space propulsion and orbital transfer vehicles, areas where a higher number of satellite launches has given rise to demand for green technologies and cost-effective satellite placement.
\"Orbit<\/a>al Transfer Vehicles have become the new means of reaching orbit on rideshare missions for micro and small satellites,\" the statement said.
The company said the funds would be used for its 4-thruster modules slated to hit the market by year-end. Bellatrix also said it has bagged some contracts with ISRO and other customers. \"The funds are also used towards the company’s evolution into a full-fledged space transportation technology company with its unique Orbital Transfer Vehicle with capabilities to deploy customer satellites to their orbits quickly as well as perform missions to the geostationary orbit (GEO) and beyond,\" said the statement.
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