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Astrophel Aerospace Secures INR6.84 Crore for Launch Vehicle Innovation

7/3/2025

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Summary

Story summary

Pune's Astrophel Aerospace has secured INR6.84 crore (around $800,000) in pre-seed funding to create a groundbreaking reusable semi-cryogenic launch vehicle. Established in 2022, this innovative startup is dedicated to affordable satellite launches and robust R&D. With ISRO's backing, Astrophel plans to prototype its technology in just 2-3 years, carving its niche in India's booming space industry.

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Story summary

Pune's Astrophel Aerospace has secured INR6.84 crore (around $800,000) in pre-seed funding to create a groundbreaking reusable semi-cryogenic launch vehicle. Established in 2022, this innovative startup is dedicated to affordable satellite launches and robust R&D. With ISRO's backing, Astrophel plans to prototype its technology in just 2-3 years, carving its niche in India's booming space industry.