Article

Baiju Bhatt's start-up, Aetherflux, aims to develop space-based solar power transmission using lasers, with a demonstration planned for mid-2026 via SpaceX. This venture emerges amid challenges in the Indian industry, including U.S. tariffs and geopolitical tensions, which have led to significant layoffs and a shift in business models in the software services sector. Despite these hurdles, the start-up landscape in India remains active, with numerous IPOs and substantial funding raised in 2025.