Anand Mahindra invests in IIT Madras-incubated startup Agnikul Cosmos

Industrialist Anand Mahindra said he has invested in IIT Madras-incubated space technology startup Agnikul Cosmos. The Mahindra Group Chairman said he has made a personal investment in the company.

"AGNIKUL is a startup that will build launch vehicles to carry micro/nanosatellites 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 said in a tweet. Agnikul replied to Mahindra's tweet, thanking him for his support.

Agnikul is building a small rocket that is capable of taking up to 100 kg to orbits around 700 km high.

In December 2020, Agnikul signed an agreement with the Indian Space Research Organisation (ISRO) to utilize the space agency's expertise and facilities to build its rocket. This was the first pact signed after the government opened the space technology industry to private players.