India rocket startup Agnikul raises $26.7 million in new private investment capital
The new colonial movement: The Indian rocket startup Agnikul has now raised an additional $26.7 million in private investment capital, bringing its total cash on hand now to about $40 million.
The company hopes to complete the first suborbital launch of its Vikram-S rocket in mid-November. If successful, it will be the second private rocket startup in India to do it, joining Skyroot, which did its first suborbital test flight last year. Both companies plan orbital versions of these rockets, and are also likely bidding to take over the SSLV (Small Satellite Launch Vehicle) rocket from India’s space agency ISRO. The Modi government is offering to literally give it to a private company to operate for profit.
The new colonial movement: The Indian rocket startup Agnikul has now raised an additional $26.7 million in private investment capital, bringing its total cash on hand now to about $40 million.
The company hopes to complete the first suborbital launch of its Vikram-S rocket in mid-November. If successful, it will be the second private rocket startup in India to do it, joining Skyroot, which did its first suborbital test flight last year. Both companies plan orbital versions of these rockets, and are also likely bidding to take over the SSLV (Small Satellite Launch Vehicle) rocket from India’s space agency ISRO. The Modi government is offering to literally give it to a private company to operate for profit.