India Got its Groove Back, Made Progress on Commercializing Space Industry in 2022

When Shri S. Somanath assumed the chairmanship of the Indian Space Research Organisation (ISRO) last January, he took over a space agency that had been hit hard by the COVID-19 pandemic. ISRO conducted only four launches in 2020-21, one of which failed. The pandemic had wrecked an ambitious plan to launch Indian astronauts into orbit before the 75th anniversary of the nation’s independence from Britain in August 2022.

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Investors Including BASF Venture Capital and Inflexor Ventures Invest $8 Million in Bellatrix Aerospace’s Series A Round

  • Bellatrix is one of India‚Äôs frontrunners in developing technology for in-space propulsion systems and orbital launch vehicles
  • The company will use the investment to further develop and accelerate the market launch of its innovative propulsion systems and modern space transportation technologies

BENGALURU and MUMBIA, India and LUDWIGSHAFEN, Germany (BASF Venture Capital PR) — Bellatrix Aerospace Pvt. Ltd. is raising a Series A round led by BASF Venture Capital GmbH, the corporate venture company of BASF SE, and Inflexor Ventures LLP, an early stage deeptech/IP focused VC Fund. The round also includes participation from StartupXseed, Pavestone Capital, Mankind Pharma family office, Survam Partners, Karsemven Fund, and other prominent family offices and angel investors.

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India’s Bellatrix Aerospace Opens Private Propulsion Laboratory

ISRO Chairman K Sivan cuts the ribbon on Bellaxtrix Aerospace’s propulsion laboratory. (Credit: ISRO)

Dr K Sivan, Chairman, ISRO/ Secretary, DOS inaugurated the spacecraft research laboratory at M/s Bellatrix Aerospace, the startup company inside IISc, Bangalore. This privately funded propulsion lab has in-house facilities for development and testing of electric and green chemical propulsion technologies.

Dr Sivan appreciated the young team for establishing the state-of-the art facility which houses equipment such as integrated thermal high vacuum test facilities, catalytic reactors, propellant preparation facilities, specialized high temperature coating facilities, etc. Chairman, ISRO also witnessed the firing of Hall Thruster at the facility.