The state-run industrial agency has invested Rs 25–30 crore each in electric motorcycle startup Raptee Energy and spacetech firm Agnikul Cosmos and around Rs 10–15 crore in chip design startup iVP Semiconductor
The space tech firm eyes reusable small-sat launch vehicle push
Established by the East India Company in 1794 as a school of survey at Fort St George in erstwhile Madras, the college's distinguished alumni include India's first women engineers.
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Agnikul Cosmos co-founder Satyanarayanan Chakravarthy said that the Agnibaan SOrTeD had to withstand salty air and even water splashes.
Moin said, "The orbital launch will be a developmental flight. Customers have already reached out to us, and we will be carrying payloads."
The startup was founded in 2017 by CEO Srinath Ravichandran, a Wall Street trader-turned-aerospace engineer, Moin SPM an operations specialist and Satyanarayanan Chakravarthy, a professor at IIT Madras.
"The success involving many firsts including 3D printed semi-cryogenic engine, flight control systems, etc. demonstrate the prowess of indigenous design and innovation," said ISRO chairman S Somanath
The Agnibaan rocket is capable of carrying up to 300 kg to a 700 km high orbit.
The latest launch attempt by Agnikul Cosmos was called off due to issues in the rocket's igniter, people familiar with the matter said.
Space startup Agnikul Cosmos is on the verge of conducting a test launch of its rocket named Agnibaan SOrTeD on March 22. This rocket features a unique engine that is manufactured using 3D printing technology, an innovative approach that the ISRO is currently in the process of perfecting.
The launches by Skyroot Aerospace and Agnikul Cosmos of their launch vehicles Vikram-1 and Agnibaan, respectively, will also signify the startups' first respective commercial missions.
In 2020 Agnikul Cosmos signend an agreement with Indian Space Research Organisation granting the startup access to the space agency's expertise and facilities
Space Kidz India will be attempting to directly connect with Chandrayaan 3 spacecraft with their antennae installed in Chennai to give children an unique view of the spacecraft's attempted landing on the Moon. Startups such as Skyroot Aerospace, Agnikul Cosmos are also holding viewing sessions for their employees
In February, the Chennai-based space startup successfully completed a test of Agnilet, a 3D printed rocket engine that is being used in their launch vehicle Agnibaan
Skyroot Aerospace and Dhruva Space announced that they are working with French companies for their next launches