Skyroot Aerospace Completes Series A Funding To Become The Most Affordable On-Demand Ride To Space On The Planet
Skyroot Aerospace Completes Series A Funding To Become The Most Affordable On-Demand Ride To Space On The Planet
07/06/21, 12:12 PM
Location
delhi
Round Type
series a
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 Info
Location
delhi, delhi, india
Additional Info
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.