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Skyroot raises US$27 5mil, ups ante in India space race

HYDERABAD: India’s Skyroot Aerospace says it has raised US$27.5mil in a fresh round of funding led by Singapore’s Temasek, upping the ante in the country’s burgeoning space industry days after rival Agnikul Cosmos raised a similar amount.

Space private sector: Skyroot raises $27 5 mln, heating up India s private sector space race

Hyderabad based-Skyroot Aerospace has raised $27.5 million in a fresh round of funding led by Singapore s Temasek, upping the ante in the country s burgeoning space industry days after rival Agnikul Cosmos raised a similar amount. The company launched India s first private rocket in 2022 and is set to launch its second commercial rocket, the Vikram-I, next year.

Vikram I: All about Skyroot Aerospace s 7-storey high orbital space launch vehicle

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