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Funding · Government, Defense & Space

Astrobase in talks to raise $40-50M funding

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Astrobase logo
Date
Company
Astrobase
What it does
Develops reusable space launch vehicles
Kind
Funding
Amount
$40-50M
Stage
early
Based in
Bengaluru
Founded
2024
Sector
Government, Defense & Space

What they do

Astrobase is a Bengaluru-based startup building two-stage reusable launch vehicles capable of carrying payloads between 3 and 10 tonnes into space

What happened

The company is currently in discussions to secure a $40-50 million funding round led by Peak XV Partners at a valuation of $250-300 million

Why it matters

This capital injection follows the recent unveiling of the Everest engine, India's first full-flow staged combustion rocket engine, which supports the…

The details

  • Astrobase is currently negotiating a new funding round aiming to raise between $40 million and $50 million.
  • The investment round is being led by Peak XV Partners.
  • The company is seeking a valuation in the range of $250 million to $300 million.
  • This development follows the recent unveiling of the Everest engine on August 7, 2026.
  • The startup plans to conduct its inaugural orbital launch in 2028.
  • The company was selected by IN-SPACe in June 2026 for the Technology Adoption Fund to support engine development.

The bigger picture

  • Astrobase is developing the Everest engine, which is an 80-tonne-class, 800 kN full-flow staged combustion (FFSC) rocket engine.
  • This technology makes India the fourth nation globally to develop an FFSC engine, joining the United States, Russia, and China.
  • The engine utilizes liquid oxygen and methane as propellants to enable reusable launch vehicle operations.

About the business

  • Astrobase designs and manufactures two-stage reusable launch vehicles for space missions.
  • The company operates a 46,000 sq. ft. facility in Bengaluru for engine production, assembly, and testing.
  • It maintains a 21.5-acre test facility in Andhra Pradesh dedicated to continuous cryogenic engine testing.
  • The firm focuses on developing indigenous space technology to support orbital delivery.
  • The company's roadmap includes a hop test for booster recovery in 2027 and a static fire test in 2028.

What happens next

  • Conduct a hop test for booster recovery in 2027.
  • Perform a booster static fire test on the launch pad in 2028.
  • Execute the first orbital launch in 2028.

The deal

Type
funding

Investors

  • Peak XV Partners (lead) — A venture capital firm focused on investing in high-growth startups.

Founders

  • Neeraj Khandelwal, Founder
  • Devakumar T., Founder
  • Pavan Kumar, Founder

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