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The company was founded by Srinath Ravichandran, Moin SPM, Satyanarayanan Chakravarthy and Janardhana Raju within IIT Madras with a seed funding of ₹ 3 crore (equivalent to ₹ 4.2 crore or US$490,000 in 2023) with aim to develop and launch its first rocket in 2021 and subsequently develop ability to provide launch service for satellites weighing up to 100 kg (220 lb).
On 22 September 2021, the list of "The 2021 LinkedIn Top Startups" was revealed with 25 young, emerging companies where India wants to work. Skyroot Aerospace was ranked 7th on this LinkedIn's 2021 Top Startups List in India. [19] On 27 January 2022, Skyroot Aerospace raised of $4.5 million in a bridge round to Series B funding led by Google's ...
The company announced a Series B extension funding of $24 million from M&G Catalyst and Glade Brook Capital Partners, bringing the total Series B funding to $60 Million. This funding puts Pixxel as one of the highest-funded space-tech startups in India and the highest-funded hyperspectral imaging company globally.
India's interest in space travel began in the early 1960s, when scientists launched a Nike-Apache rocket from TERLS, Kerala. [6] [7] The Indian National Committee for Space Research was subsequently set up, which later became the Indian Space Research Organisation (ISRO) [11] functioning under a new independent Department of Space (DoS) in the 1970s under the Prime Minister of India.
Funding in India’s space sector, a key part of the country’s ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according ...
Ethereal Exploration Guild Private Limited is an Indian startup based in Bengaluru developing fully reusable vertical landing medium-lift space launch system at reduced cost and cut launch timeframes. [1] [2] Founded in 2022, the company is currently developing India's largest private rocket engine facility in the southern state of Tamil Nadu. [3]
Private spaceflight companies include non-governmental or privately-owned entities focused on developing and/or offering equipment and services geared towards spaceflight, both robotic and human. This list includes both inactive and active entities.
Garuda Aerospace Private Limited is a drone startup company based in Chennai, India established in 2015 by Agnishwar Jayaprakash, a young entrepreneur and an Asian gold medalist swimmer. [ 2 ] [ 4 ] Garuda is approved from the Directorate General of Civil Aviation (DGCA) in India .