SynopsisThe talks come weeks after Astrobase unveiled Everest, an 80-tonne-class, 800 kN full-flow staged combustion (FFSC) rocket engine, in what the company described as India's first such engine. The engine uses liquid oxygen and methane, and is being developed for reusable launch vehicles.Bengaluru-based spacetech startup Astrobase is in talks to raise $40-50 million in a funding round led by Peak XV Partners, valuing the company at around $250-300 million, people aware of the matter told ET.The spacetech startup is developing two-stage reusable launch vehicles capable of carrying payloads of between three and 10 tonnes. It is targeting an initial orbital launch in 2028.The talks come weeks after Astrobase unveiled Everest, anNow Playing
Astrobase in talks to raise $40-50 million led by Peak XV at $300 million valuation: sources - The Economic Times
The talks come weeks after Astrobase unveiled Everest, an 80-tonne-class, 800 kN full-flow staged combustion (FFSC) rocket engine, in what the company described as India's first such engine. The engine uses liquid oxygen and methane, and is being developed for reusable launch vehicles.
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