EtherealX, an Indian space technology start-up has announced its successful raise of $5 million to develop fully reusable medium-lift launch vehicles. YourNest led the round with further participation from BIG Global Investments JSC, Blue Hill Capital, Campus Fund, and Golden Sparrow Ventures. The Indian company aims to build reusable rockets that can return both rocket stages to earth after flight to address issues of substantial transportation costs and considerable waiting periods during launches
