Agnikul raises Rs 200 crore in Series B funding

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Key Points

Artha Venture Fund, and Artha Select Fund, along with participation from existing investors Mayfield India, pi Ventures, Speciale Invest, and others.. till date and takes the total capital raised to date to $40 million...

With Agnikuls test launch planned in November/December, the space tech startup intends to use the funds to prepare for its first set of commercial launches..

Agnikul is in talks with around 40-45 global customers cutting across various sectors for their on-demand small payload launch solutions, he added.. rocket engine Agnilet has already been successfully test-firing it in early 2021..

In August 2023, Agnikul commenced the integration process of its cutting-edge launch vehicle, Agnibaan SOrTeD (SubOrbital Technological Demonstrator), with its private launchpad located at Satish Dhawan Space Centre (SDSC) SHAR at Sriharikota...

Founded in 2017 by Srinath Ravichandran, Moin SPM, and Prof. SR Chakravarthy from IIT Madras, Agnikul Cosmos is building small payload launch vehicle Agnibaan that will be capable of carrying up to 100 kg of payload to low Earth orbits up to 700 km..