Skyroot Aerospace Completes Series A Funding To Become The Most Affordable On-Demand Ride To Space On The Planet
Jul 06, 2021•about 4 years ago
Round Type
series a
Description
Skyroot Aerospace, India's leading private space launch company, is set to take the global stage with help from its recent $11 million Series A capital raise. The funding will be used to acquire new talent and complete the development of its Vikram-1 launch vehicle. The company aims to reach orbit, with 90 percent less development cost than its competitors, as early as next year. This disruptive cost efficiency gives their international customers a cheaper and unique option for on-demand and dedicated payloads.