India’s Skyroot Aerospace raised $27.5 million from Singapore’s Temasek in October.
Indian startup Agnikul Cosmos raised a similar amount.
Skyroot launched India’s first private rocket in 2022 and will launch the Vikram-I rocket in 2024. The launch vehicle can take payloads of upto 300 kilograms into low earth orbit.
They are developing rockets for small satellite launches and have designs for up to 815 kilogram payload.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Next Big Future – https://www.nextbigfuture.com/2023/12/indian-space-startup-skyroot-raised-27-5-million.html