Skyroot Aerospace is the first aerospace technology start-up officially registered with ISRO
Hyderabad-based space technology startup, Skyroot Aerospace has become the first private company to formally agree with ISRO to use its expertise and access facilities to test and qualify its small rocket ahead of launch in 2022.
“The Framework MoU will allow the company to undertake multiple tests and access facilities at various ISRO centres and avail the technical expertise of ISRO for testing and qualifying their space launch vehicle systems and subsystems,” the Indian Space Research Organisation said on Saturday.
The agreement was signed on Saturday by R Umaheswaran, ISRO Scientific Secretary and Chairman of the Interim INSPACe Committee and Pawan Chandana, CEO of Skyroot Aerospace. The INSPACe is the authorization and the regulatory body in India, under the Department of Space to allow private players to perform spatial activities in the country.
Founded in 2018 in Hyderabad by Pawan Kumar Chandana and Naga Bharath Daka, Skyroot Aerospace is building the Vikram series of rockets to carry small satellites into space. It has already tested its solid propulsion Rocket engine, Kalam5, whose bigger version will power its rockets.
Skyroot is supported by the promoters of explosives manufacturer, promoters of renewable energy firm Greenko Group and ISRO supplier Solar Industries and Curefit founder Mukesh Bansal.
Earlier in May 2021, Skyroot Aerospace has raised $11 million in a Series-A round led by Greenko founders. Skyroot co-founder and COO Naga Bharath Daka said that the latest funding round adds more fuel to the startup’s rocket programme and will help it complete development and testing of all the subsystems of its first launch vehicle- Vikram-1-in addition to strengthening its team.
Skyroot along with other rocket startups such as Bellatrix Aerospace and Agnikul Cosmos is looking at the rising global opportunity to build rockets and launch small satellites from Indian soil.
“The Framework MoU will allow the company to undertake multiple tests and access facilities at various ISRO centres and avail the technical expertise of ISRO for testing and qualifying their space launch vehicle systems and subsystems,” the Indian Space Research Organisation said on Saturday.
The agreement was signed on Saturday by R Umaheswaran, ISRO Scientific Secretary and Chairman of the Interim INSPACe Committee and Pawan Chandana, CEO of Skyroot Aerospace. The INSPACe is the authorization and the regulatory body in India, under the Department of Space to allow private players to perform spatial activities in the country.
Founded in 2018 in Hyderabad by Pawan Kumar Chandana and Naga Bharath Daka, Skyroot Aerospace is building the Vikram series of rockets to carry small satellites into space. It has already tested its solid propulsion Rocket engine, Kalam5, whose bigger version will power its rockets.
Skyroot is supported by the promoters of explosives manufacturer, promoters of renewable energy firm Greenko Group and ISRO supplier Solar Industries and Curefit founder Mukesh Bansal.
Earlier in May 2021, Skyroot Aerospace has raised $11 million in a Series-A round led by Greenko founders. Skyroot co-founder and COO Naga Bharath Daka said that the latest funding round adds more fuel to the startup’s rocket programme and will help it complete development and testing of all the subsystems of its first launch vehicle- Vikram-1-in addition to strengthening its team.
Skyroot along with other rocket startups such as Bellatrix Aerospace and Agnikul Cosmos is looking at the rising global opportunity to build rockets and launch small satellites from Indian soil.
