Bengaluru-based Bellatrix Aerospace Private Ltd., an Indian aerospace and defence company working in the area of satellite propulsion systems, is in the process of raising $2 million, said a company official.
“We are a boot-strapped company. We are expecting to raise $2 million within three months and have initiated talks with private equity and venture capital firms. The fund will be used for research and development and product development. It will last us 18-24 months,” said M.R. Gopinath, chief financial officer, Bellatrix Aerospace.
