6 months ago
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Space startup Agnikul Cosmos connected Saturday (November 22, 2025) said it has raised ₹150 crore successful a caller backing circular astatine implicit half-a-billion dollar valuation, which would beryllium utilized to physique reusable launch vehicles.
IIT-Chennai incubated Agnikul demonstrated a sub-orbital rocket motorboat past twelvemonth and is readying to spot tiny satellites into the debased world orbit utilizing its 3D printed Agnibaan rocket adjacent year.
The startup is besides moving connected the betterment of the little signifier of the motorboat vehicle, which could beryllium re-used for consequent missions.
"This fundraising allows america to enactment connected specified missions portion besides focusing connected scaling motorboat frequence and gathering for the world, from India," Srinath Ravichandran, CEO and Co-founder, AgniKul Cosmos, said.
The fundraising circular saw information from household offices and organization investors specified arsenic Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, and 100X.VC.
The institution volition deploy this superior successful scaling accumulation units of aerospace and rocket components and advancing its stage-recovery programme.
“A information of the funds is earmarked for the improvement of Agnikul's upcoming integrated abstraction field connected the 350 acres allocated by the Tamil Nadu government, which volition beryllium utilized for gathering end-to-end facilities for manufacturing and investigating of motorboat conveyance systems,” a institution connection said.
Agnikul volition besides usage the caller funds to fortify its reusable motorboat architecture — gathering connected its recently-granted patent that extends the operational beingness of precocious stages.
This innovation opens caller pathways for reusability and cost-efficient orbital access, marking a pivotal measurement towards becoming the world's archetypal recoverable small-satellite motorboat vehicle.
"With increasing request and much than a twelve customers anxious to motorboat with us, scaling our operational extent was the earthy adjacent step. The indigenous facility, which is planned adjacent the caller upcoming launchpad of India, volition equip america to service these missions connected docket and with the responsiveness the marketplace expects," Moin SPM, Co-founder and COO of Agnikul, said.
Agnikul claims to person customers spanning India, the Middle East, and Australia and aims to conscionable a globally distributed motorboat demand, cementing India's emerging enactment successful the abstraction tech sector.
Recently, Agnikul besides announced its caller large-format metallic additive manufacturing unit, which volition let it to usage 3D printing for aggregate sub-systems beyond conscionable its engines.
