Space Tech Startup EtherealX Raises $5 Million to Develop Reusable Rocket Technology

EtherealX, a Bengaluru-based space technology startup, has successfully raised $5 million in its seed-funding round. This investment round was spearheaded by YourNest and included contributions from prominent investors such as BIG Global Investments JSC, BlueHill Capital, and other key players. The funds are set to accelerate the company's ambitious goals in the space tech sector, focusing on the development of reusable rocket technology.

Development of the Razor Crest Mk-1

The primary objective of the funding is to support the development of EtherealX’s proposed fully reusable medium-lift launch vehicle, named "Razor Crest Mk-1". The startup has outlined specific plans for the funds, which include the completion of their test facility, conducting final tests, and qualifying the 40kN engine for the upper stage. Additionally, the investment will be used for the manufacturing of the 925kN semi-cryogenic engine, essential for the launch vehicle's performance.

Innovative Approach to Rocket Reusability

Unlike SpaceX’s Falcon 9, which offers partial reusability by recovering only the booster, EtherealX is pioneering a more advanced approach. The company’s design aims to achieve full reusability by recovering both the upper stage and the booster of the rocket. This innovation is expected to enhance the efficiency and cost-effectiveness of space launches.

Founders and Vision

EtherealX was founded in 2022 by a team of former Indian Space Research Organisation (ISRO) scientists, including Manu J Nair, who serves as the CEO, Shubhayu Sardar, the COO, and Prashant Sharma, the CTO. The founding team’s background underscores their deep expertise and commitment to advancing space technology.

Strategic Goals and Impact

Manu J Nair emphasized the startup's vision to overcome technological and cost constraints associated with class-specific launch vehicles. By addressing both frequency and pricing challenges, EtherealX aims to offer a significant technological advantage in the space sector. Nair expressed enthusiasm about the investors' support for this broader vision, aiming to redefine the possibilities of space technology.

Launch Vehicle Specifications

The Razor Crest Mk-1 is designed to launch payloads of up to 8 tonnes into low Earth orbit. In its fully disposable configuration, the launch vehicle can carry payloads exceeding 24.8 tonnes. In its partially reusable configuration, it can accommodate 22.8 tonnes. The launch vehicle is also intended to deliver payloads into geostationary transfer and trans-lunar injection orbits, showcasing its versatility and capability.

Conclusion

EtherealX’s $5 million funding round marks a significant milestone in the company's journey towards revolutionizing space travel with reusable rocket technology. With the backing of notable investors and a clear focus on innovative solutions, EtherealX is poised to make substantial contributions to the future of space exploration. The development of the Razor Crest Mk-1 represents a crucial step in achieving these goals, potentially transforming the space industry by enhancing the efficiency and affordability of space missions.

What is EtherealX?

EtherealX is a Bengaluru-based space technology startup focused on developing innovative solutions in the space sector. Founded in 2022 by a team of former Indian Space Research Organisation (ISRO) scientists, including Manu J Nair (CEO), Shubhayu Sardar (COO), and Prashant Sharma (CTO), EtherealX is dedicated to advancing reusable rocket technology.

Core Work and Objectives

1. Development of Reusable Rockets: EtherealX's primary objective is to design and manufacture reusable rockets. Unlike traditional rockets that are used only once, EtherealX aims to create vehicles that can return to Earth and be used for multiple launches. This approach promises to significantly reduce the cost of space access and increase the frequency of launches.

2. Razor Crest Mk-1 Launch Vehicle: The startup is working on its flagship project, the Razor Crest Mk-1, a fully reusable medium-lift launch vehicle. The Razor Crest Mk-1 is designed to offer both upper stage and booster reusability, which is a step beyond the partial reusability achieved by rockets like SpaceX's Falcon 9.

3. Engine Development: EtherealX is focused on developing advanced rocket engines. This includes a 40kN engine for the upper stage and a 925kN semi-cryogenic engine. These engines are crucial for the performance and efficiency of their launch vehicles.

4. Test Facility and Technological Innovation: The company is investing in building and completing a test facility for their rocket engines. They are also conducting final tests and qualifying their engines to ensure reliability and performance. EtherealX aims to address both technological and cost challenges in space travel.

5. Payload Capacity and Versatility: The Razor Crest Mk-1 is designed to carry payloads of up to 8 tonnes into low Earth orbit. It can accommodate payloads of more than 24.8 tonnes in a disposable configuration and 22.8 tonnes in a partially reusable configuration. The vehicle will be capable of delivering payloads into various orbits, including geostationary transfer and trans-lunar injection orbits.

6. Strategic Vision: EtherealX’s vision extends beyond merely creating reusable rockets. The startup seeks to redefine the possibilities of space technology by overcoming the limitations of traditional launch vehicles. Their approach aims to make space access more cost-effective and frequent, potentially transforming the space industry.