EtherealX
A space-tech startup developing the world's first fully reusable medium-lift launch vehicle designed to drastically reduce the cost of access to space.
- CEO / Founder
- Manu J. Nair
- Team Size
- 67
- Stage
- Series A
- Total Funding
- $26.0M
- Latest Round
- Series A
- Key Investors
- TDK Ventures, Accel, YourNest, BIG Capital, Campus Fund, Riceberg Ventures
Technology & Products
Key Products
["Razor Crest Mk-1 (Fully reusable medium-lift launch vehicle)","Proprietary Liquid Propulsion Systems","Next-generation Engine Technology (Aerospike/Liquid Engine R&D)","Launch-as-a-Service (LaaS) for satellite constellations"]
Technological Advantage
Leverages high-performance liquid propulsion and advanced recovery mechanisms developed by a team of former ISRO scientists and NASA-trained engineers. The company benefits from India's cost-efficient aerospace manufacturing ecosystem while targeting the global commercial launch market.
Differentiation
Value Proposition
Offers 'absolute reusability' (both stages) to lower launch costs by up to 10x compared to traditional expendable rockets, specifically targeting the underserved medium-lift market (8-25 ton payload class).
How They Differentiate
Focuses on 'absolute reusability' where both the first and second stages are fully recoverable, specifically optimized for the medium-lift category (8-25 tons) to achieve a 10x reduction in launch costs.
Market & Competition
Target Customers
Commercial satellite operators, national space agencies (e.g., ISRO, NASA), telecommunications companies, and Earth observation providers.
Industry Verticals
["Aerospace & Defense","Telecommunications","Satellite Manufacturing","Earth Observation & Remote Sensing"]
Competitors
Rocket Lab; Relativity Space; SpaceX
Growth & Milestones
Growth Metrics
Valuation increased 5.5x to $80.5M following Series A; secured $130M in signed MOUs and launch service contracts.
Major Milestones
["Secured $5M Seed funding led by YourNest in August 2024","Signed $130M in MOUs for future launch services by late 2024","Closed $21M Series A funding led by TDK Ventures and Accel in January 2025","Achieved a post-money valuation of $80.5M"]
Notable Customers
Undisclosed Global Satellite Manufacturers; Commercial Constellation Operators