#"SKYROOT:1st TO TEST UPPER-STAGE ROCKET ENGINE"
Aerospace startup Skyroot Aerospace has successfully test-fired an upper-stage rocket engine.
-With his, it has become the first Indian private company to demonstrate the capability to built a homegrown rocket engine.
Founded by Pawan Kumar Chandana and Naga Bharath Daka, both former scientists at the Indian Space Research Organisation (Isro), 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. This is a major milestone for us in a path towards our first launch targeted for December 2021, said Daka, Co-Founder & COO, Skyroot Aerospace.
Two of the firm's rocket stages are getting ready for test firing in six months, he added.
Skyroot has developed in-house software for launch vehicle guidance, navigation and control functions and testing for onboard avionics modules is in progress and the firm is targeting its first launch vehicle in December 2021, Naga Bharath Daka, Co-Founder and Chief Operating Officer, Skyroot said.
The 3D printed rocket engine- Raman, named after - CV Raman, has fewer moving parts and weighs less than half of conventional rocket engines with a similar capacity.
The company till now has raised Rs 31.5 crore and is in process of raising another Rs 90 crore in the year.
The existing investors include Mukesh Bansal (Founder Myntra, CureFit), Solar Industries (India’s leading explosives manufacturer and renowned Space & Defence Contactor), Vedanshu investments and a few other Angel investors.
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