Aerospace startup Skyroot Aerospace has successfully test fired an upper-stage rocket engine, becoming the first Indian private company to demonstrate the capability to build a homegrown rocket engine.
The 3-D printed rocket engine has fewer moving parts and weighs less than half of conventional rocket engines with a similar capacity. Skyroot plans to build a family of rockets. The first rocket, which can hurl satellites of 250-700 kgs into a lower earth orbit, is expected to be launched by end-2021.
Skyroot had so far raised 31.5 cr from investors to develop a family of rockets named after Vikram Sarabhai, the founder of India’s space programme, with the capability to launch 250-700 kg satellites into low-earth orbit. The space startup is now in talks to raise 90 cr by mid-2021.