TeamIndus still searching for funds for Google Lunar X-Prize mission
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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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.
My July fund-raising campaign for 2021 has now ended. Thank you all for your donations and subscriptions. While this year’s campaign was not as spectacular as last year’s, it was the second best July campaign since I began this website.
And if you have not yet donated or subscribed, and you think what I write here is worth your support, you can still do so. I depend on this support to remain independent and free to write what I believe, without any pressure from others. Nor do I accept advertisements, or use oppressive social media companies like Google, Twitter, and Facebook. I depend wholly on the direct support of my readers.
If you choose to help, you can contribute via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
‘Fleet Commander’?
Blair-
In Hindi, that would be: ” बेड़े के कमांडर.”
The Interweb is telling me “Rs 450 crore,” is about 68 million US dollars.
Wayne:
Thanks for the clarification.