Hyderabad: Aerospace startup Skyroot Aerospace<\/a> has raised $11 million in a Series A funding round led by promoters of renewable energy firm Greenko Group<\/a>, with participation of existing investors including Solar Industries<\/a> and Curefit<\/a> founder Mukesh Bansal<\/a>. Anil Chalamalasetty马赫什•柯里和推动者Greenko集团的创始人,以及太阳能产业的代表将加入创业公司的董事会。 海德拉巴:航空公司Skyroot航空已经筹集了1100万美元资金轮可再生能源公司的发起人Greenko集团,现有投资者的参与,包括太阳能行业和Curefit创始人穆克什邦萨尔。
Anil Chalamalasetty and Mahesh Kolli, founder promoters of Greenko Group, as well as a representative of Solar Industries will now join the startup’s board of directors.
The existing investors include Solar Industries India Ltd., former WhatsApp Chief Business Officer Neeraj Arora, CureFit founder Mukesh Bansal, Worldquant Ventures, Graph Ventures, Sutton Capital, Vedanshu Investments and a few angel investors.
Prior to raising the Series-A funding, the aerospace startup had in all raised Rs 31.5 crore cumulatively in phases from the existing investors. Mukesh Bansal took the first leap of faith in Skyroot during its formative days and backed it with a $1.5 million investment through his incubator Meraki Labs.
Skyroot Aerospace intends to raise $40 million more to fund its aggressive growth plans over the next few years, said Naga Bharath Daka, co-founder and chief operating officer. On the Series-A funding, he said, it will add “more fuel to our rocket program and will support in completing development and testing of all subsystems of our first launch vehicle Vikram-1 and strengthening our world-class team.”
The aerospace startup has also “started bookings for launches starting from mid next year and are actively engaging global customers,” said Naga Bharath.
Isro has been offering great support, said Skyroot’s co-founder and chief executive Pawan Kumar Chandana, adding that they have “signed an agreement with them (Isro) and are working closely for our testing and launch requirements.”
Skyroot Aerospace, which became the first Indian private company to demonstrate the capability to build a home-grown rocket engine and successfully test-fired an upper-stage rocket engine, was founded by Pawan Kumar Chandana and Naga Bharath Daka, former scientists at the state-owned Indian Space Research Organisation (Isro).
The aerospace startup plans to build a family of rockets and is preparing to launch the first rocket that can hurl satellites of 250-700 kilograms into lower earth orbit by end of this year.
Skyroot Aerospace has designed in-house software for launch vehicle guidance, navigation and control functions and is testing onboard its avionics modules.
“Skyroot is building the infrastructure which will help develop new opportunities for innovation in the space ecosystem and offer unique ways to improve the quality of life on earth,” said Anil and Mahesh of Greenko Group. “The next-generation technology Skyroot is building today will unlock potential for sustainability interventions, space-based research, data analytics and telecommunications,” they said, adding that their partnership will help Skyroot accelerate towards being a leading Space launch player globally.
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在首轮融资轮Skyroot航空提出1100万美元
Anil Chalamalasetty马赫什•柯里和推动者Greenko集团的创始人,以及太阳能产业的代表将加入创业公司的董事会。
印度现有的投资者包括太阳能产业有限公司前首席商务官WhatsApp Neeraj Arora说,CureFit穆克什邦萨尔创始人Worldquant企业,图企业,萨顿首都Vedanshu投资和几个天使投资人。
Skyroot航空打算筹集4000万美元来资助其积极的增长计划在未来几年内,说那加Bharath长河,创始人兼首席运营官。首轮融资,他说,这将增加“更多的燃料火箭计划,将支持在完成开发和测试所有子系统的第一个运载火箭Vikram-1和加强我们的世界级的团队。”
航空公司也已经“开始预订从明年年中开始启动,积极参与全球客户,“那加Bharath说。
Isro已经提供的大力支持,表示Skyroot的联合创始人和首席执行官一生Kumar Chandana补充说,他们已经“与他们签署了一项协议(Isro)和对我们的测试和发射需求密切合作。”
Skyroot航空,成为第一个印度私营公司演示的能力构建本土火箭发动机和成功试射了一个高级火箭引擎,成立了一生Kumar Chandana和娜迦Bharath长河,前国有印度空间研究组织的科学家们(Isro)。
航空公司计划建造一个家庭的火箭和正准备推出的第一个火箭能够把250 - 700公斤的货物送入地球低轨道卫星的今年年底。
Skyroot航天运载火箭设计了内部软件指导、导航和控制功能,并测试机载航空电子设备模块。
“Skyroot是建设基础设施,将有助于开发新的创新机遇空间生态系统和提供独特的方式提高生活的质量在地球上,“说阿尼尔和Mahesh Greenko集团。“下一代技术Skyroot今天建筑将解锁可持续发展潜力干预,太空研究,数据分析和电信,”他们说,并补充说他们的伙伴关系将有助于Skyroot加速朝着成为一个全球领先的航天发射的球员。
Hyderabad: Aerospace startup Skyroot Aerospace<\/a> has raised $11 million in a Series A funding round led by promoters of renewable energy firm Greenko Group<\/a>, with participation of existing investors including Solar Industries<\/a> and Curefit<\/a> founder Mukesh Bansal<\/a>.
Anil Chalamalasetty and Mahesh Kolli, founder promoters of Greenko Group, as well as a representative of Solar Industries will now join the startup’s board of directors.
The existing investors include Solar Industries India Ltd., former WhatsApp Chief Business Officer Neeraj Arora, CureFit founder Mukesh Bansal, Worldquant Ventures, Graph Ventures, Sutton Capital, Vedanshu Investments and a few angel investors.
Prior to raising the Series-A funding, the aerospace startup had in all raised Rs 31.5 crore cumulatively in phases from the existing investors. Mukesh Bansal took the first leap of faith in Skyroot during its formative days and backed it with a $1.5 million investment through his incubator Meraki Labs.
Skyroot Aerospace intends to raise $40 million more to fund its aggressive growth plans over the next few years, said Naga Bharath Daka, co-founder and chief operating officer. On the Series-A funding, he said, it will add “more fuel to our rocket program and will support in completing development and testing of all subsystems of our first launch vehicle Vikram-1 and strengthening our world-class team.”
The aerospace startup has also “started bookings for launches starting from mid next year and are actively engaging global customers,” said Naga Bharath.
Isro has been offering great support, said Skyroot’s co-founder and chief executive Pawan Kumar Chandana, adding that they have “signed an agreement with them (Isro) and are working closely for our testing and launch requirements.”
Skyroot Aerospace, which became the first Indian private company to demonstrate the capability to build a home-grown rocket engine and successfully test-fired an upper-stage rocket engine, was founded by Pawan Kumar Chandana and Naga Bharath Daka, former scientists at the state-owned Indian Space Research Organisation (Isro).
The aerospace startup plans to build a family of rockets and is preparing to launch the first rocket that can hurl satellites of 250-700 kilograms into lower earth orbit by end of this year.
Skyroot Aerospace has designed in-house software for launch vehicle guidance, navigation and control functions and is testing onboard its avionics modules.
“Skyroot is building the infrastructure which will help develop new opportunities for innovation in the space ecosystem and offer unique ways to improve the quality of life on earth,” said Anil and Mahesh of Greenko Group. “The next-generation technology Skyroot is building today will unlock potential for sustainability interventions, space-based research, data analytics and telecommunications,” they said, adding that their partnership will help Skyroot accelerate towards being a leading Space launch player globally.
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