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Launch · Government, Defense & Space

Astrobase unveils India's first FFSC rocket engine

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Date
Company
Astrobase Space Technologies
What it does
Building partially reusable orbital rockets
Kind
Launch
Amount
$10M
Stage
seed
Based in
Bengaluru
Founded
2024
Sector
Government, Defense & Space

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

Founders

  • Neeraj Khandelwal, co-founder
  • Devakumar Thammisetty, co-founder
  • Pawan Kumar, co-founder
  • Prashant M., co-founder

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