India-based Bellatrix Aerospace announced it raised $20 million in funding on March 27, marking a significant milestone for the satellite propulsion company. The startup specializes in developing propulsion systems for satellites and spacecraft operations.
The funding round comes after Bellatrix secured its first large commercial customer outside India, representing a key breakthrough in the company's international expansion strategy. The company plans to use the capital to ramp up production of its satellite propulsion systems to meet growing demand.