Agnikul, which is operating out of the National Centre for Combustion Research at IIT Madras, said it will utilise the funding to facilitate ground testing, fabrication and expansion of its team.
iStockThe company is hoping to build a modular ultra light and affordable satellite launch vehicle.
BENGALURU: Space technology startup Agnikul has raised Rs 23.4 crore in pre-series A funding led by Pi Ventures, as it looks to develop a satellite launch vehicle with a payload capacity of up to 100 kgs.
Agnikul, which is operating out of the National Centre for Combustion Research at IIT Madras, said it will utilise the funding to facilitate ground testing, fabrication and expansion of its team. The company is hoping to build a modular ultra light and affordable satellite launch vehicle.
iStock
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