Astrophel Aerospace, a developer of propulsion systems and reusable launch infrastructure, has raised INR 68.4 million (approximately USD 800,000) in pre-seed funding to develop a reusable semi-cryogenic launch vehicle and missile-grade guidance systems. The Pune-based startup aims to test a working prototype within the next 24 to 36 months.
The funding round was led by a group of individual investors and angel firms. Astrophel plans to use the capital to expand its in-house research and development, enhance propulsion capabilities, and scale up its testing infrastructure.
The company has signed a memorandum of understanding with the Indian Space Research Organisation (ISRO) for joint research, development, and testing. It is working toward its first suborbital launch.
Before receiving external funding, Astrophel reported successfully test-firing a semi-cryogenic engine with an internal investment of INR 600,000 (approximately USD 7,000). The company is taking a modular, systems-first approach in developing its Potentia C1U engine, drawing from manufacturing practices used in the automotive sector. It is also collaborating on cryogenic valve production with a listed Indian manufacturer for commercial and defence applications.
According to the company, India’s private space sector is now prepared to tackle high-complexity, deep-tech challenges in aerospace through reusable systems and precision components aimed at reducing costs and enabling broader space access for the country.
The company also highlighted that reusable rockets, turbopump-fed engines, and missile-grade guidance systems remain some of the toughest technical challenges in aerospace. The new funding is expected to allow deeper engagement in development efforts while maintaining operational efficiency.
Astrophel recently received support from the Ministry of Electronics and Information Technology (MeitY) through the MeitY Startup Hub, securing INR 4 million in funding under the SAMRIDH Scheme.
According to the Department of Space, India’s space economy is projected to grow from USD 8.4 billion in 2024 to USD 44 billion by 2033, with more than 8,500 small satellites expected to be launched globally during this period.
Astrophel Aerospace is an Indian startup focused on developing propulsion systems and reusable launch infrastructure. The company is working on semi-cryogenic engine technologies and guidance systems for space and defence applications.