What is Skyroot Aerospace?
Skyroot Aerospace is an Indian private aerospace company dedicated to making space access more affordable, reliable, and accessible through the development of advanced launch vehicles and space technologies. Founded by former ISRO scientists and engineers, the company focuses on designing and manufacturing rockets and propulsion systems, emphasizing innovation and precision engineering. Skyroot aims to serve the burgeoning global small satellite market while bolstering India's indigenous space capabilities and commercial space missions.
How much funding has Skyroot Aerospace raised?
Skyroot Aerospace has raised a total of $155.5M across 6 funding rounds:
Angel/Seed
$1.5M
Series A
$11M
Debt
$4.5M
Series B
$51M
Other Financing Round
$27.5M
Other Financing Round
$60M
Angel/Seed (2018): $1.5M with participation from Mukesh Bansal
Series A (2021): $11M led by WorldQuant, Anil Kumar Chalamalasetty, Neeraj Arora, Mahesh Kolli, Graph Ventures, and Mukesh Bansal
Debt (2022): $4.5M supported by Sherpalo
Series B (2022): $51M featuring Solar Industries India, Myntra, GIC, and Wami Capital
Other Financing Round (2023): $27.5M backed by Temasek
Other Financing Round (2026): $60M with participation from Arkam Ventures, GIC, Sherpalo, and BlackRock
Key Investors in Skyroot Aerospace
Arkam Ventures
Arkam Ventures is an early-stage investment firm that focuses on non-consensus opportunities, primarily investing in Seed to Series B stages. They provide capital ranging from $1M to $5M and aim to support a limited number of companies each year, emphasizing a commitment to founders and their visions.
GIC
Founded in 1981, GIC is a sovereign wealth fund that manages Singapore's foreign reserves. They work to secure the country's financial future by investing across a range of asset classes in both the public & private markets.
Sherpalo
Sherpalo Ventures is an early-stage investment firm that collaborates with visionary founders to create transformative companies. The firm offers capital, expertise, and a supportive network to assist in the journey from seed to success.
What's next for Skyroot Aerospace?
The substantial enterprise-level funding indicates Skyroot Aerospace is poised for significant scaling and technological advancement. This capital infusion is expected to accelerate the development and testing of its launch vehicle platforms, expand its manufacturing capabilities, and solidify its position in the competitive global space industry. The company's strategic focus on indigenous technology development and commercial space missions suggests a trajectory aimed at capturing a significant share of the small satellite launch market and contributing to India's growing prominence in space exploration.
See full Skyroot Aerospace company page
