Agnikul Cosmos
Founded in 2017 by Srinath Ravichandran, Moin SPM, and Professor SR Chakravarthy, Chennai-based Agnikul is involved in building a private small satellite launch vehicle. Its core product, Agnibaan, is a smallsat launch vehicle capable of carrying up to 100 kg of payload to Low Earth orbits.
Earlier in 2021, the startup test-fired the world’s first 3D printed rocket engine Agnilet and had said it will undertake more such tests in the remainder of the year.
In May last year, it raised $11 million in a Series A funding round led by Mayfield India. Existing investors including pi Ventures, Speciale Invest and Artha Venture Fund also participated in the round.
The spacetech startup had raised $3.1 million in its pre-series A funding in March 2020, and a seed round from Speciale Invest in 2019.
In September 2021, it signed a memorandum of understanding (MoU) with the Department of Space to access ISRO's facilities and expertise and undertake tests for its single-piece 3D-printed semi cryo engine and other systems.