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.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
‘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.