Spacetech startup Agnikul raised Pre-Series A from Pi Ventures

SpaceTech startup Agnikul raised $3.1 Mn in Pre-Series A from Pi Ventures, Hari Kumar (LionRock Capital), Artha Ventures, LetsVenture, Globevestor, CIIE & Speciale Invest.

Agnikul is developing a satellite launch vehicle for a payload capacity of up to 100 Kg. The vehicle is configurable and can support a payload range of 30-100 Kg without impacting the commercial aspects of the misisons.

Since the engine is fully 3D-printed, the manufacturing complexity associated with traditional rocket engines is moved to the design in their case, making it an easier and cheaper fabrication process that will be able to deliver launch vehicles within a few weeks, pretty much on demand.

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