Trending

Stories

Rocket maker Skyroot Aerospace Makes $4.5 Million

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

On Thursday, private space sector startup Skyroot Aerospace Private Ltd said it had raised $4.5 million as a bridge round.

With this funding, Skyroot Aerospace has raised $17 million to date, one of the largest by an Indian space sector start-up.

Also Read

The 4.5M$ bridge round was led by Ram Shriram’s (one of the first investors and board members of Google) Sherpalo Ventures and co-led by Wami Capital, existing investor Neeraj Arora (Former WhatsApp CBO), and former Google executive Amit Singhal.

“In the last 18 months, we successfully demonstrated three cutting edge propulsion technologies used in our Vikram series of Space launch vehicles, and this year will be a year of hypergrowth, where we will be testing our final rocket stages for a launch, while continuing to build a strong order book for the first few launches,” Pawan Kumar Chandana, Co-Founder and CEO, Skyroot Aerospace said.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

The company is developing three rockets — Vikram 1, 2, and 3.

Recently, Skyroot Aerospace tested its cryogenic engine called Dhawan-1 to be fixed in the upper state of the company’s rocket Vikram-2.

The company said Dhawan-1 is India’s first privately developed cryogenic rocket engine fueled by liquid natural gas (LNG) and liquid oxygen (LoX).

The engine uses LNG and LoX at cryogenic temperatures as propellants, which are high performance, low-cost and green.

“This round helps us build critical infrastructure early-on and helps accelerate towards our launch this year. 2022 is going to be a big year for us and the entire Indian Space ecosystem,” said Naga Bharath Daka, Co-Founder and COO of Skyroot.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly  OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022
India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network