Pune-based deep-tech startup Astrophel Aerospace has secured ₹6.84 crore (approximately $800,000) in pre-seed funding from individual investors and angel-led venture firms. The capital will fuel in-house R&D, bolster propulsion engineering, and enhance testing infrastructure as the company accelerates its goal of developing a reusable semi-cryogenic launch vehicle and missile-grade guidance systems.
The timing is auspicious: Astrophel recently signed a memorandum of understanding with ISRO to collaborate on joint research, development, and testing—an assurance of its rising credibility within India’s private space sector. This milestone is particularly impressive given the startup’s earlier accomplishment of test-firing a semi-cryogenic engine with just ₹6 lakh in funding and no prior external investment.
“Reusable rockets, turbopump-fed engines and missile-grade guidance systems are among the toughest challenges in aerospace today,” said co-founder Immanuel Louis. “The funding will enable us to deep-dive into development while staying lean and execution-focused.”
Co-founder and CEO Suyash Bafna added:
“India’s private space sector is ready to tackle high-complexity, deep-tech challenges in aerospace. We’re building reusable systems and precision components that reduce costs and will usher in a new age of space access for India.”
Astrophel is currently developing the Potentia C1U engine, following a modular, systems-first approach—akin to automotive manufacturing—that supports scalability and efficient production.
Positioned amid a booming space economy forecast by India’s Department of Space—from $8.4 billion in 2024 to $44 billion by 2033—Astrophel’s focus on reusable propulsion and guidance systems is strategic. The firm also participated in the MeitY SAMRIDH Scheme, receiving ₹40 lakh in support, and is now preparing for its first suborbital launch.
With this fresh infusion of capital and strong institutional partnerships, Astrophel Aerospace is emerging as a pivotal player in advancing India’s launch infrastructure and lowering barriers to space access.
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