Skyroot Aerospace Raises $51 Million from Singapore's GIC: All Details

Video from the channel Tell me News about Skyroot Aerospace, linked on its Above Ten Thousand entry. Duration: 2:13. Language: English. Video type: News.

News item on the funding round of Skyroot Aerospace, a Hyderabad-based startup: 51 million dollars, around 400 crore rupees, in a round led by GIC, the investment fund of the Government of Singapore.

According to the video, the company will put the money toward its satellite launcher, built of carbon fibre and capable of carrying payloads of up to 800 kg, with the aim of starting commercial launches by mid-2023. It also mentions its knowledge-sharing agreement with ISRO.

The piece frames this within the opening of the Indian space sector to private companies.