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Astrophel Aerospace, a budding space-tech company based in Pune, has secured Rs 6.84 crore (approximately $800,000) in pre-seed funding to build a reusable launch vehicle powered by semi-cryogenic propulsion—a critical milestone in India’s emerging private space sector.
This funding round will fuel the company’s efforts to develop a working prototype for launching small satellites, with plans to complete initial testing within the next two to three years. The company is also investing in developing precision guidance systems on par with missile-grade technology, signalling its ambitions to build sophisticated, reusable space systems domestically.
Early Breakthroughs with Minimal Resources
Astrophel made headlines last year when it became one of the few private Indian firms to successfully test-fire a semi-cryogenic engine, achieving this with a modest budget of just Rs 6 lakh and no outside investment. This low-cost milestone has earned the company recognition for its frugal yet effective engineering capabilities.
A Vision for India’s Satellite Economy
With the global demand for small satellite launches increasing rapidly, and India’s space economy projected to grow to $44 billion by 2033, Astrophel aims to play a foundational role by building the propulsion infrastructure required for frequent and affordable launches.
The company’s systems-first, modular approach to rocket design—drawing from automotive manufacturing techniques and 3D printing—allows for faster development cycles and reduced production costs, making it well-positioned for scalable growth.
Strategic Collaborations
Astrophel has already signed a memorandum of understanding with ISRO, paving the way for joint research and testing. Additionally, it is working with a listed Indian manufacturing partner to co-develop cryogenic valves that serve both civilian and defence applications.
Founders Share Their Vision
“We believe Indian startups are now capable of tackling complex aerospace challenges,” said Suyash Bafna, Co-founder of Astrophel. “By focusing on reusable and modular systems, we hope to lower the cost barrier to space.”
Immanuel Louis, the startup’s other co-founder, emphasized the importance of the funding: “This investment enables us to move quickly while staying focused on building lean, high-impact technology.”
Looking Ahead
As India prepares for its first human spaceflight under Gaganyaan, companies like Astrophel are stepping into the spotlight. The startup’s first suborbital test flight is on the horizon, and with its innovative rocket propulsion technologies, Astrophel is shaping up to be a crucial player in the country’s next phase of space exploration.
