The Latest Breaking News from Skyroot

He once scored 51 marks in Maths, now owns a space company worth $1.1 billion. Meet 35-year-old rocket man who gave up ISRO job

Pawan Kumar Chandana, once a struggling student, now leads Skyroot Aerospace. This company achieved India's first private rocket launch. Chandana's journey from ISRO scientist to entrepreneur is inspiring. Skyroot is now preparing for its orbital launch vehicle, Vikram-1, aiming for regular space missions.

The Economic Times · Jun 17

Skyroot Aerospace forecasts Rs 977 crore in revenues by FY27, ahead of Vikram-1 launch

Indian space startup Skyroot Aerospace projects significant revenue growth, aiming for over Rs 13,000 crore by FY32, driven by launch services and satellite systems. Ahead of its maiden orbital launch, the company's space systems division is already generating revenue, with launch services poised to become the primary growth engine.

The Economic Times · Jun 2

Spacetech firm Agnikul eyes $50-75 million at flat $500 million value

Spacetech startup Agnikul Cosmos is reportedly in talks to raise $50-75 million at a $500 million valuation. This potential funding round, similar to its November raise, highlights investor confidence in India's growing private space sector. The funds are earmarked for expanding production capabilities as the company progresses towards commercial deployment.

The Economic Times · May 11

Skyroot Aerospace raises ₹225 crore funding

Skyroot Aerospace raises US$27.5M in pre-Series C funding led by Temasek. Funds to be used to drive growth, increase launch frequency & capabilities, and attract top-tier talent. Funds bring total raised to US$95M, largest ever for Indian Space-tech startup

The Hindu · Oct 30, 2023

Skyroot has become a role model: Union Minister Jitendra Singh

Dr. Jitendra Singh hails Skyroot Aerospace's new facility & Vikram-1 rocket launch, noting PM Modi's unshackling of space sector led to 150 start-ups. Skyroot is a role model for aspiring entrepreneurs in new sectors. India now on par with global tech, market potential up to $100B by 2040. Skyroot's Max-Q…

The Hindu · Oct 25, 2023

Skyroot to launch its first commercial rocket early next year

Skyroot to launch its first commercial rocket early next year

The Hindu · Oct 24, 2023

Skyroot Aerospace signs pacts with French firms

Skyroot signs MoUs with Prométhée and Expleo/ConnectSAT to provide launch services and reconfigurable software for IoT satellite. Skyroot's Vikram rockets offer advanced tech, 3D printing, carbon composite bodies and modular framework for multiple space launch requirements. Skyroot's 2nd mission to launch Vikram 1 rocket in forthcoming months, following successful launch…

The Hindu · Oct 11, 2023

Skyroot expects to double rocket launches amid Chandrayaan-3's success

Skyroot Aerospace, backed by GIC, aims to double launches next year & raise more money. Chandana, ex-ISRO scientist, says they're receiving "a lot of messages" from investors since Chandrayaan-3 success. Plans to ramp up workforce and fundraising in 2024 to support increased launches.

The Hindu · Aug 28, 2023

Indian startup launches country's first privately built rocket

The launch is a milestone in India's effort to foster a private space industry. The rocket, made by Hyderabad-based Skyroot, was aloft for about five minutes and reached peak altitude of 55 miles.

WEKU · Nov 18, 2022

India successfully launches Vikram-S, first privately made rocket

The Indian government has been pushing to develop a private space industry to complement its state-run space programme.

Al Jazeera · Nov 18, 2022