TeamIndus still searching for funds for Google Lunar X-Prize mission


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Capitalism in space: TeamIndus, one of the five finalists in the Google Lunar X-Prize mission, is still searching for the funds it needs to pay for its launch.

Bengaluru-based aerospace start-up TeamIndus is scouting for funds and sponsors to build a spacecraft with a rover for landing and exploring the lunar surface. “The total budget of the moon mission is about Rs 450 crore, out of which we have raised more than half (Rs 225 crore) and have spent. We’re trying to accumulate the rest through sponsors and others interested in this mission,” TeamIndus Fleet Commander Rahul Narayan told reporters here on Thursday.

They have a contract to launch on India’s PSLV rocket, but have been trying to raise the funds needed to pay for it now for months. In July they had raised half the needed funds. Though this article says they have raised more than half (in Indian money: Rs 225 crore), that number remains half of the total budget listed (Rs 450 crore). From this it appears they have not yet found any additional sponsorship.

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