aerospace / news / / ThePrint
Skyroot Aerospace on Thursday raised $60 million at a valuation of $1.1 billion.
Skyroot Aerospace has become India's first spacetech startup to reach unicorn status at $1.1 billion.
KEY POINTS
- Skyroot raised $60 million in funding, with participation from Sherpalo Ventures, GIC, and Greenko founders.
- The upcoming Vikram-1 rocket features an all-carbon composite structure for enhanced strength and lower density.
- Skyroot will use new capital to fund multiple Vikram-1 launches, scale manufacturing, and develop Vikram-2.
- Ram Shiram, founder of Sherpalo, will join Skyroot’s board of directors following this funding round.
COMPANIES
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