Skyroot Aerospace completes Series A funding

Aitechpark07 Jul, 2021Technology

The company will offer its first 10 customers special discounted pricing for launches beginning in 2022 Skyroot Aerospace, India?s leading private space launch company, is set to take the global stage with help from its recent $11 million Series A capital raise. The funding will be used to acquire new talent and complete the development of its Vikram-1 launch vehicle. The company aims to reach orbit, with 90 percent less development cost than its competitors, as early as next year. This disruptive cost efficiency gives their international customers a cheaper and unique option for on-demand and dedicated payloads.