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Skyroot Aerospace Completes Series A Funding To Become The Most Affordable On-Demand Ride To Space On The Planet

Jul 06, 2021about 4 years ago

Round Type

series a

Delhi

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.

Company Information

Company

Skyroot Aerospace

Location

Delhi, Delhi, India

About

Space technology startup Skyroot Aerospace has raised $4.5 million (about Rs 34 crore) in a bridge round to Series B funding led by Google's founding board member Ram Shriram's Sherpalo Ventures, the company said on Thursday. The company has signed an agreement with ISRO for sharing facilities and expertise.