Launch · Government, Defense & Space
Astrobase unveils India's first FFSC rocket engine
By Startup Enthusiast ·
- Date
- Company
- Astrobase Space Technologies
- What it does
- Building partially reusable orbital rockets
- Kind
- Launch
- Amount
- $10M
- Stage
- seed
- Based in
- Bengaluru
- Founded
- 2024
What they do
Astrobase builds mid-to-large partially reusable orbital rockets with an FFSC engine
What happened
It unveiled the EVEREST engine and won a ₹25 crore TAF grant from IN-SPACe
Why it matters
If its hot-fire test succeeds, India will be the fourth country to test an FFSC engine
The details
- Astrobase Space Technologies unveiled the EVEREST engine, India's first fully integrated FFSC (full-flow staged combustion) engine, on 8 August 2026.
- The engine is an 800 kN methane-oxygen (methalox) FFSC engine.
- The startup raised a $10M seed round led by BanyanCo at a valuation of ~$72M.
- Founders invested over ₹100 crore into propulsion, test infrastructure and manufacturing.
- IN-SPACe selected Astrobase under its Technology Adoption Fund (TAF) in June 2026, one of three from 43 applicants.
- The TAF grant covers most project costs (capped at ₹25 crore per project) with no equity, only royalty on future sales.
- Astrobase completed a sub-scale hot-fire test in September 2025 and high-speed turbopump trials in January 2026.
- The company plans a full-scale integrated hot-fire test later in 2026 and an orbital flight in 2028–29.
The bigger picture
- Only SpaceX's Raptor engine has flown to orbit using FFSC technology.
- If Astrobase's hot-fire test succeeds, India will become the 4th country (after USSR, US, China) to test an FFSC engine, and Astrobase the 8th entity globally.
- India's private space sector is growing: Skyroot Aerospace completed its first orbital launch in 2026, and Agnikul Cosmos is preparing an orbital attempt with a reusable design.
- The government launched a ₹500 crore IN-SPACe fund and a ₹1,000 crore VC fund for space-tech in 2025.
About the business
- Astrobase builds mid-to-large partially reusable orbital rockets with an FFSC engine.
- Its core product is the EVEREST engine, an 800 kN methalox FFSC engine.
- The rocket is 4 metres in diameter, clusters 7 EVEREST engines, and carries 3–10 tonnes to orbit.
- It offers three configurations: expendable, partially reusable, and fully reusable.
- Target launch cost is ~$300/kg by the early 2030s.
- The company operates a launch-on-demand model with turnaround within ~15 days.
- It uses metal 3D printing for core engine components.
- Astrobase has a 46,000 sq ft design/assembly/integration facility in Bengaluru and a 21.5-acre propulsion test site near Anantapur, Andhra Pradesh with a 200-tonne thrust stand.
What happens next
- Full-scale integrated hot-fire test expected later in 2026.
- Plan to test ~20 engines before maiden launch.
- Target orbital flight in 2028–29.
- Aim to achieve launch cost of ~$300/kg by early 2030s.
The deal
- Type
- seed
Investors
- BanyanCo (lead) — Led the seed round.
Founders
- Neeraj Khandelwal, co-founder
- Devakumar Thammisetty, co-founder
- Pawan Kumar, co-founder
- Prashant M., co-founder
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