Funding · Government, Defense & Space

Astrobase raises ₹60 crore in funding led by BanyanCo

What they do

Astrobase builds orbital-class launch vehicles and advanced methane-oxygen rocket engines to address growing satellite launch demands

The startup raised ₹60 crore in its first funding round led by venture capital firm BanyanCo, per regulatory filings

The fresh capital supports the company's shift from research and development to manufacturing its orbital-class launch system

Space-tech startup Astrobase has raised ₹60 crore in its first funding round.
The investment round was led by venture capital fund BanyanCo according to regulatory filings.
The company plans to use the capital to transition from research and development into manufacturing its launch systems.
Astrobase is developing an orbital-class launch system utilizing a methane-oxygen engine designed for payloads between 3 and 10 tonnes.
The startup intends to offer fully expendable, partially reusable, and fully reusable rocket configurations.
The firm has secured a production facility in Bengaluru to build its engines and vehicle designs.

The venture was founded by CoinDCX co-founder Neeraj Khandelwal alongside former ISRO senior scientists.
India's broader space-tech sector has seen surging interest, with multiple startups securing funding and government backing through IN-SPACe.

Astrobase designs and manufactures advanced rocket engines and orbital launch vehicles.
The company develops cryogenic rocket engines powered by liquid oxygen and methane.
It operates a production and integration facility located in Bengaluru.
The business aims to provide affordable and reliable space access for global commercial and government customers.

The company aims to lower launch costs significantly over the coming decade.
Astrobase plans to raise additional funds in upcoming months to fuel expansion.