Bellatrix Aerospace Raises $20 Million in Pre-Series B Funding to Scale Satellite Propulsion Manufacturing

Key Points

• $20 million pre-Series B funding led by Cactus Partners with participation from multiple new and existing investors
• Funds will expand manufacturing capacity for electric and chemical propulsion systems
• Company secured first large commercial customer outside India and signed MoU with U.S. satellite manufacturer
• Total capital raised now stands at approximately $31 million since 2015 founding

Full Details

Indian aerospace manufacturer Bellatrix Aerospace has raised $20 million in a pre-Series B funding round led by Cactus Partners, the company announced on March 28, 2026. The round drew new investors including Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings, along with existing backers Inflexor, Pavestone, GrowX, and Survam Partners. Founded in 2015, Bellatrix manufactures satellite propulsion systems and has operations in the U.S. The company recently began deliveries for its first large commercial customer outside India and signed an MoU to serve as a preferred propulsion partner for a prominent U.S. satellite manufacturer. This latest round brings Bellatrix's total capital raised to approximately $31 million. India has opened its space sector beyond ISRO to private players and created a 10 billion rupee ($105.5 million) fund to support space startups.