AgniKul Cosmos Private Limited is an Indian aerospace manufacturer based in National Center for Combustion R&D (NCRD) of IIT Madras, Chennai. The start up aims to develop and launch its own small-lift launch vehicle such as the Agnibaan, capable of placing 100 kg (220 lb) payload into a 700 km (430 mi) orbit. The first commercial launch was expected in 2022. However, no launch happened in that year. The company was founded by Srinath Ravichandran and Moin SPM within IIT Madras with a seed funding of ₹3 crore (equivalent to ₹3.6 crore or US$450,000 in 2020) with aim to develop and launch its first rocket in 2021 and subsequently develop ability to provide launch service for satellites weighing up to 100 kg (220 lb). The start-up later managed to raise up to ₹23.4 crore (US$2.9 million) from investors. Till end of 2020, the company had raised almost $4 million and headed towards Indian Space Research Organisation for advisory. A Non-Disclosure Agreement (NDA) was signed with Department of Space to obtain government's technological assistance in development of launch vehicles. Although the company entered an agreement with Alaska Aerospace Corp. to launch rocket from Kodiak Launch Complex as a commercial launch pad to test rockets was not available in India, the deal eventually fizzled out as no progress was made with the vehicle. AgniKul has received investment from personal capacity of Anand Mahindra, chairman of Mahindra Group. Although, amount was not specified. More information...
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