Compare Companies
| Field | 🇮🇳 Manastu Space | 🇮🇳 Bellatrix Aerospace | 🇮🇳 Agnikul Cosmos | 🇮🇳 Skyroot Aerospace |
|---|---|---|---|---|
| Type | private | private | private | private |
| Country | 🇮🇳 India | 🇮🇳 India | 🇮🇳 India | 🇮🇳 India |
| Founded | 2017 | 2015 | 2017 | 2018 |
| CEO | Tushar Jadhav | Rohan M Ganapathy | Srinath Ravichandran | Pawan Kumar Chandana |
| Mkt Cap / Valuation | — | — | $500M+ (Series C extension, post-money) | $1.1B (Series D unicorn round, post-money) |
| Employees | ~40 | ~90 (India), targeting ~115 EOY 2026 + up to 6 US-based | ~250 | ~537 |
| Sector | Green Satellite Propulsion | In-Space Propulsion | 3D-Printed Small-Lift Launch | Private Launch (India) |
| Last raise / Last filing | $3M (2026-03-31) | $20M (2026-03-27) | $17M (₹150 Cr) (2025-11-22) | $60M ($50M primary + $10M structured debt) (2026-05-07) |
| Top risks | Single-product concentration — until the higher-thrust Vyom variants and in-orbit services are flight-qualified, Manastu's revenue depends on Vyom 2U adoption.; Global green-propulsion competition: ECAPS LMP-103S, Bradford ECAPS, and Aerojet AF-M315E have multi-year flight heritage and entrenched US/European customer bases. | Customer concentration on ISRO / NSIL — diversifying to international commercial customers is mid-execution and unproven at scale.; Production-scale execution — the company is shifting from prototype to series manufacturing of electric thrusters; yield and unit economics on Hall-effect thrusters are challenging globally. | Orbital-flight execution risk — clustering seven engines with stage separation has historically been a primary failure mode for new small-lift vehicles.; Direct domestic competition from Skyroot Aerospace, which has 2x the funding ($160M vs. ~$75M) and a head-start on its orbital debut. | Maiden-flight failure risk on Vikram-1 — a first-launch mishap would push commercialization into 2027 and force an emergency funding round.; Intense global small-lift competition: Rocket Lab Electron, Firefly Alpha, and ISRO's own SSLV all target the same 350-500 kg class with proven flight heritage. |
| Next catalyst | First commercial Vyom 2U thruster delivery to a paying customer satellite (2026) | First Pushpak OTV demonstration flight on an NSIL mission (2026-2027) | Agnibaan first orbital flight from ALP, Sriharikota (2026-Q4 / 2027-H1) | Vikram-1 maiden orbital flight from Sriharikota (2026-06) |
Maximum 4 companies. Pass slugs in the ids query parameter, comma-separated. Try SpaceX vs Blue Origin vs Rocket Lab vs Firefly.