EtherealX Raises $5 Million to Advance Space Technology
Tuesday, 6 August 2024, 09:22
EtherealX Funding Announcement
EtherealX, a Bengaluru-based space technology startup, has raised $5 million in a funding round led by YourNest.
Purpose of the Funds
The funds will specifically aid in the development of engines for the company’s reusable medium-lift launch vehicles.
Company Background
- Founded in 2022
- Focusing on innovative space technology
- Planning to finalize its testing facility
Future Goals
- Qualify upper-stage engines
- Develop semi-cryogenic engines
In conclusion, EtherealX is positioning itself as a key player in the space technology sector with its recent funding, aiming to advance its launch vehicle capabilities significantly.
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