aerospace / news / / Analytics India Magazine
‘Skyroot Aerospace’ has raised INR 403 crore (US $51 million) in a Series B funding round led by global investment firm GIC.
Skyroot Aerospace secured INR 403 crore ($51 million) in Series B funding led by GIC.
KEY POINTS
- This funding round is the largest in the Indian space tech sector to date.
- GIC Managing Director Mayank Rawat will join Skyroot's board as part of the investment.
- Skyroot developed India's first privately built cryogenic, hypergolic-liquid, and solid fuel rocket engines.
- Their Vikram launch vehicles feature an all-carbon-fiber structure and 3D-printing technologies.
COMPANIES
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