aerospace / news / / The Hindu Business Line
Spacetech startup Skyroot Aerospace has become a unicorn after raising $60 million in a fresh round of funding at a valuation of $1.1 billion.
Skyroot Aerospace has become a unicorn after raising $60 million at a $1.1 billion valuation.
KEY POINTS
- The new funds will be used to scale Vikram-1 launches and develop the Vikram-2 cryogenic rocket.
- Sherpalo Ram Shriram will join Skyroot's Board alongside major new global investors like GIC and BlackRock.
- Vikram-1's maiden launch, India's first private orbital rocket, is scheduled within weeks from Sriharikota.
- Skyroot claims its launch services will be the cheapest for satellite deployment into specified orbits.
COMPANIES
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