Indian startup Bellatrix Aerospace to build re-usable space launch vehicles. The company, based out in IISc Bengaluru, raises $3 Mn fund for the venture. Funding round was led by IDFC-Parampara, StartupXseed, Karsemven Fund and Survam Partners. Bellatrix specialises in in-space propulsion systems & orbital launch vehicles. Bellatrix’s two-stage launch rocket Chetak is scheduled for 2023 launch.

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