Pune-based aerospace startup Astrophel Aerospace raises ₹6.84 crore in pre-seed funding to develop a reusable semi-cryogenic launch vehicle and missile-grade guidance systems.
Funding round led by individual investors and angel venture firms to strengthen R&D, scale propulsion capabilities, and expand testing infrastructure.
Astrophel collaborating with ISRO for joint research, development, and testing aims to test a working prototype within 24 to 36 months.
The company successfully test-fired a semi-cryogenic engine, is adopting a systems-first approach to develop Potentia C1U engine, and received backing from the Indian government for its initiatives.