Skyroot Aerospace, a Hyderabad, India-based space-tech startup, raised US$51M in Series B funding.
The round was led by GIC. As part of the investment, Mayank Rawat, Managing Director of GIC India Direct Investment Group, will join Skyroot’s Board.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Pawan Kumar Chandana, and COO Naga Bharath Daka, Skyroot Aerospace is a space-tech startup that has built the flagship Vikram Launch Vehicle series with an all-carbon-fiber structure. It can launch up to 800 kg of payloads to Low Earth Orbit. The company has built and tested cryogenic, hypergolic-liquid, and solid fuel-based rocket engines via R&D and production which activities extensively use advanced composite and 3D-printing technologies.