New Delhi: Pune-based New Space startup Astrophel Aerospace has raised Rs 6.84 Crore (US $ 800,000) in pre-seed funding led by a consortium of individuals and angel venture firms towards developing a partially reusable semicryogenic launch vehicle, and scale its in-house research and development towards missile-grade guidance systems and components. The company aims to realise a working, reusable prototype ready for testing between 24 and 36 months. Astrophel Aerospace is among a handful of private startups in India to0 have successfully test-fired a semicryogenic engine, that was achieved with an initial cost of six lakhs without any external funding. Astrophel Aerospace has........

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