Mahindra Group Chairman Anand Mahindra has invested in his personal capacity in Angikul Cosmos Pvt. Ltd., which testfired the country’s first 3D printed rocket engine last week.

Srinath Ravichandran, co-founder and chief executive officer of Agnikul Cosmos, has come on board as an angel investor in the Indian space startup. “As a hardware startup, we always are looking for others who can help us,” he said.

“AGNIKUL is a startup that will build launch vehicles to carry micro/nano satellites to low earth orbit on demand. They recently test-fired a fully 3D printed semi cryo rocket engine at IIT Madras. Terrific champions of the future. I’ve personally invested in the company,” Mahindra tweeted.

Agnikul, incubated at Indian Institute of Technology, Madras, is building a small rocket that can launch 100 kg satellites into low earth orbit. The rocket, which can be ported on a mobile platform, is looking at its first launch by the end of 2022.

Unlike conventional rocket engines that have hundreds of moving parts, Angikul has taken the newer approach to 3D print the entire Agnilet engine as one part. This would make the engine lighter and have scope for little errors, a fact proven by its successful test.

In December, Agnikul became the first space startup to sign a pact with Indian Space Research Organisation (ISRO) to tap into the space agency’s expertise as well as its facilities to build its rocket, since the country opened up the space sector for the private industry.

Agnikul
is the winner in the top innovator category in the ET Startup Awards 2020.





News Of India

LEAVE A REPLY

Please enter your comment!
Please enter your name here