Spacetech startup EtherealX raises $5 million in funding round led by YourNest

EtherealX, a Bengaluru-based space technology startup, secured $5 million in a funding round led by YourNest. The funds will aid in the development of engines for the company's reusable medium-lift launch vehicles. Founded in 2022, EtherealX looks to finalize its test facility and qualify its upper-stage and semi-cryogenic engines.