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VCGuy

Believe me, it’s not... • 1y

Who would've thought that you can send a rocket to space with a 3D-printed engine! Three weeks back, Agnikul showed it could happen soon. ⏭️Total Funding: $58.6 M, Last raise - Series B : $26.7 M ⏩Lead Investors: Rocketship VC, Pi Ventures, Mayfield Reaching space economically is challenging - - High Costs of ~$40,000 per kg payload. - Companies share rockets to cut costs; the first to book the rocket, sets the launch path and date. - Engine manufacturing and assembly are time-consuming. Agnikul solves this with ⤵️ - 3D printed rocket-engine (single-shot, one-piece component) - No assembly required - Affordable, on-demand services - Launching satellites as light as 30 kg Globally, the space market is estimated at $400 B, of which India currently holds ~2% ($8.4 B). GOI's Major Move: India's New Space Policy (2023) now allows up to 100% Foreign Direct Investment (FDI). 🔼Space startups in India have skyrocketed from 1 in 2022, to nearly 200.

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