India’s Private Sector Space Race Heats Up As Skyroot Raises $27.5 Million

Days after rival Agnikul Cosmos raised a sum comparable to Skyroot Aerospace’s, India’s Skyroot Aerospace announced on Monday

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The Hyderabad-based company is scheduled to launch the Vikram-I, its second commercial rocket, next year.

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The company launched India’s first private rocket in 2022. Up to 300 kilogram payloads can be carried into low-Earth orbit using the launch vehicle.

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Having raised approximately 2.25 billion rupees recently, Skyroot, a company launched in 2018

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The money comes as private space enterprises profit from the successful landing of an Indian spacecraft on the moon.

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Agnikul Cosmos, a fellow space startup, announced that it has raised $26.7 million in fresh funding ahead of its first rocket launch.

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