Skyroot Aerospace has raised $11 million in Series-A funding led by Greenko Group founders, Anil Chalamalasetty and Mahesh Kolli. The investment saw participation from publicly listed Solar Group, Former-Whatsapp CBO Neeraj Arora, Mukesh Bansal, Worldquant Ventures, Graph Ventures, Sutton Capital, and Vedanshu Investments.

Anil Chalamalasetty & Mahesh Kolli during a joint statement said: “We believe Skyroot is a strong upcoming player in the global Space industry and we are excited to partner with them on their mission to democratize space access. Skyroot is building the base which will help develop new possibilities for innovation in the space ecosystem and offer unique ways to improve the quality of life on earth. The next-generation technology Skyroot is building space-based research, data analytics, and telecommunications. We are confident our partnership will help them rush towards a leading Space launcher worldwide.”

Pawan Kumar Chandana, Co-Founder, and CEO of Skyroot said “We are backed by creative entrepreneurs who built industry-leading businesses and share our passion for democratizing access to space. We are excited to work with them in building Skyroot into a leading space player globally. Indian Space Research Organization (ISRO) has been offering great support to us. We signed an agreement with them and are working closely for our testing and launch requirements,” he added.