Astrobase Space Technologies
Reusable launch vehicles for mid-to-large payloads.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $10.0m Valuation: $72.0m | Seed | |
| Total Funding | 000k | ||
Astrobase Space Technologies is a Bengaluru-based aerospace company founded in 2024, focused on developing reusable launch vehicles to meet the increasing global demand for satellite launches. The company was co-founded by Neeraj Khandelwal, the co-founder of crypto platform CoinDCX, and former senior scientists from the Indian Space Research Organisation (ISRO): Devakumar Thammisetty, Pawan Kumar, and Prashant M. Khandelwal, an IIT-Bombay alumnus, provides strategic direction and is a primary investor, while the ex-ISRO scientists bring extensive expertise in rocket propulsion, avionics, and structural design.
The firm aims to complement ISRO's capabilities by developing mid-sized reusable launch vehicles, with plans to scale to larger vehicles. Its core technology involves a methane-oxygen full-flow staged combustion engine, chosen for its efficiency and reusability. Astrobase plans to offer launch vehicles in three configurations: fully expendable, partially reusable, and fully reusable, designed to carry payloads ranging from 3 to 10 tonnes. The company leverages 3D printing and additive manufacturing to produce high-performance engines and has established a manufacturing facility in Bengaluru's aerospace hub.
Astrobase's business model is centered on providing cost-effective and high-frequency space access for commercial and exploratory missions. The company secured approximately $10 million in a seed funding round led by venture capital firm Banyan, achieving a valuation of around ₹623 crore (approximately $72 million). It operates in a growing market supported by Indian government initiatives aimed at fostering private sector participation in the space economy.
Keywords: reusable launch vehicles, satellite launch services, space exploration, methane-oxygen engine, 3D printed rocket engines, payload capacity, commercial space missions, aerospace engineering, autonomous landing, Indian space-tech, rocket propulsion, staged combustion engine, avionics, GNC systems, cryogenic propulsion