Fresh round values Agnikul Cosmos funding at nearly Rs 4500 crore

Chennai based spacetech startup Agnikul Cosmos has raised fresh capital in a round that values the company at close to Rs 4500 crore, with Agnikul Cosmos funding of Rs 150 crore about 17 million dollars coming from a mix of family offices and institutional backers.

The new round values the company at 500 million dollars and saw participation from investors including Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures and 100X VC. The company is building what it describes as the worlds first single piece three dimensional printed rocket engines alongside end to end space transportation solutions.

Agnikul plans to deploy the fresh capital across three main priorities. The first is scaling production units for aerospace and rocket components, a prerequisite for moving from demonstration launches to a regular cadence of missions. The second is advancing its stage recovery programme, which is central to improving unit economics. The third is developing an integrated space campus on 350 acres allocated by the Tamil Nadu government, bringing manufacturing and testing of launch vehicle systems onto a single site.

Co founder and chief executive Srinath Ravichandran said the company’s earlier controlled ascent launch, achieved with support from ISRO and IN SPACe, had allowed it to demonstrate all its patented technologies. Building on that foundation, Agnikul is now expanding its strategy to include lower stage recovery and upper stage extension, which he said would make the economics of launch services significantly more attractive.

The company will also use part of the funding to strengthen its reusable launch architecture, leveraging a recently granted patent that extends the operational life of upper stages. Agnikul describes the innovation as opening new pathways for reusability and cost efficient orbital access, and as a pivotal step toward creating what it aims to be the worlds first recoverable small satellite launch vehicle.

Co founder and chief operating officer Moin SPM noted that demand is growing and that more than a dozen customers are already eager to launch with the company. In that context, scaling operational depth and infrastructure near India’s upcoming launchpad is described as a natural next step. The planned indigenous facility is expected to help Agnikul serve missions on schedule and with the responsiveness customers expect.

Investor commentary underlines the company’s positioning within India’s emerging private space ecosystem. Arun Kumar, managing partner at Celesta Capital, called Agnikul a standout example of cutting edge deep tech innovation and said the company is well placed to address unmet demand for low earth orbit satellites in India and globally.

Anirudh A Damani, managing partner at Artha Select Fund, said the company’s trajectory signals that India’s private space industry has arrived, highlighting its focus on inventing technology that does not exist elsewhere. His fund has contributed its largest cheque yet through Artha Select Fund in this round, reaffirming confidence in Agnikul’s role in the future of orbital access.

Alongside the funding, Agnikul has announced a new large format metal additive manufacturing unit, which will allow it to use three dimensional printing for multiple subsystems beyond engines. Combined with its focus on stage recovery and upper stage extension, the company is positioning itself at the intersection of reusability, cost control and small satellite demand.

As live commercial interest in low earth orbit grows, the ability to offer recoverable small launch vehicles from India could give domestic players a distinct advantage. The latest round gives Agnikul additional capital to convert its early technical demonstrations into a repeatable launch business built from an integrated space campus in Tamil Nadu.

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