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Astrobase Space Technologies
Reusable launch vehicles for mid-to-large payloads
About Astrobase Space Technologies
Astrobase Space Technologies is a Bengaluru-based aerospace company founded in 2024, focused on developing reusable launch vehicles to meet the increasing global demand for satellite launches. The company was co-founded by Neeraj Khandelwal, the co-founder of crypto platform CoinDCX, and former senior scientists from the Indian Space Research Organisation (ISRO): Devakumar Thammisetty, Pawan Kumar, and Prashant M. Khandelwal, an IIT-Bombay alumnus, provides strategic direction and is a primary investor, while the ex-ISRO scientists bring extensive expertise in rocket propulsion, avionics, and structural design.
The firm aims to complement ISRO's capabilities by developing mid-sized reusable launch vehicles, with plans to scale to larger vehicles. Its core technology involves a methane-oxygen full-flow staged combustion engine, chosen for its efficiency and reusability. Astrobase plans to offer launch vehicles in three configurations: fully expendable, partially reusable, and fully reusable, designed to carry payloads ranging from 3 to 10 tonnes. The company leverages 3D printing and additive manufacturing to produce high-performance engines and has established a manufacturing facility in Bengaluru's aerospace hub.
Astrobase's business model is centered on providing cost-effective and high-frequency space access for commercial and exploratory missions. The company secured approximately $10 million in a seed funding round led by venture capital firm Banyan, achieving a valuation of around ₹623 crore (approximately $72 million). It operates in a growing market supported by Indian government initiatives aimed at fostering private sector participation in the space economy.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANT✓Other financing | Jun 2026 | $0 | — | The Indian National Space Promotion and Authorisation Centre | ↗ |
| SEED✓Equity / VC | Jul 2025 | $10M | $72M | Banyan Ventures | ↗ |
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Seed2 investors entered at this stage
- BVBanyan Ventures
The Indian National Space Promotion and Authorisation Centre
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