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Agnikul Raises $11 Million In Funding Led By Mayfield India

May 19, 2021about 4 years ago

Amount Raised

$11 Million

Chennai

Description

Agnikul has raised $11 million in a Series A round, led by Mayfield India, as the space technology startup races to build and launch its first rocket next year.

Company Information

Company

Agnikul

Location

Chennai, Tamil Nadu, India

About

While others have used 3D printing to produce parts for rocket engines, no other company has used the additive manufacturing method to print an entire rocket engine in a single piece, it said. Manufacturing a rocket this way is also what will allow Agnikul to provide quick, cheap and reliable rides to small satellite manufacturers in lower earth orbit, and this makes the company’s approach very customer-centric, according to Vikram Godse, managing partner at Mayfield India. Agnikul was the winner in the top innovator category at the ET Startup Awards 2020.

FundzWatch™ Score

72
Medium Activity

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