Bellatrix Bags $20Mn Funding Led by Cactus Partners

Bellatrix Aerospace has announced that it has closed a USD 20 million Pre-Series B growth round led by Cactus Partners. The company said that the capital infusion marks a strategic transition, moving from proven flight heritage to large-scale commercial manufacturing and global supply chain integration.

According to Bellatrix, the primary deployment of this capital will be to rapidly expand manufacturing facilities and implement high-throughput production lines to meet surging demand from both international and domestic satellite constellations. 

Additionally, the fund is poised to support active customer programs and strengthen operational readiness.  

Rohan Ganapathy, Co-Founder and CEO of Bellatrix Aerospace, said, “This funding is a definitive signal of confidence in our operational scalability. Having successfully flight-qualified our core technologies, we are now focused on building a repeatable, reliable, and world-class production propulsion system. This investment allows us to increase our annual production capacity significantly, ensuring we remain the most trusted partner for operators requiring propulsion at scale.”

“Bellatrix is a unique asset with a robust history of space technology innovation. Rohan and Yashas have invested more than a decade in creating leading, world-class, and cost-effective, core technologies for electric and green propulsion systems. Their persistence and focus have led to the successful indigenous development of space-qualified products in satellite propulsion systems. We, at Cactus Partners, look forward to working closely with the Bellatrix team by leveraging our GAP (Growth Acceleration Playbook) portfolio support framework and collaborating with fellow investors to make the company a global leader,” said Amit Sharma, General Partner of Cactus Partners.

The funding round is led by Cactus Partners, including new investors such as  Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings, with continued participation from existing investors Inflexor, Pavestone, GrowX, Startup Xseed, and Survam Partners. 

Yashas Karanam, Co-Founder and COO of Bellatrix Aerospace, said that the company has moved from flight-proven to factory-ready.

“By slashing lead times to under 6 months and optimizing our unit economics, we are delivering the industry’s best cost-to-reliability ratio. This investment ensures we can fulfill our multi-million-dollar backlog with the speed and margin required for global scale,” said Karanam.