Spacetech startup Bellatrix raises $20 million from Cactus Partners to scale satellite propulsion manufacturing

Bengaluru-based spacetech startup Bellatrix Aerospace has raised $20 million (Rs 190 crore) in a funding round led by venture fund Cactus Partners, as it looks to scale commercial production of its satellite propulsion systems and expand global deliveries.

The round also saw participation from Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings, along with continued backing from existing investors including Inflexor, Pavestone, GrowX, StartupXseed and Survam Partners.