Agnikul to build ₹510 crore Tirupati facility
By Abha Lohia · Editor ·
Agnikul Cosmos: revenue, valuation and funding and every story →
ChennaiFounded 2017
- Agnikul Cosmos is a Chennai space startup that builds small satellite launch rockets with 3D-printed engines
- It signed an agreement with Andhra Pradesh to set up a rocket and orbital platform plant at Space City, Tirupati
- The ₹510 crore site will add to its Chennai base, among five space startups announcing operations in the state
What happened
- Agnikul signed an MoU with the Andhra Pradesh government.
- The plant at Space City, Tirupati will make orbital platforms and rockets.
- Planned spend is ₹510 crore.
- It complements the existing Chennai facilities.
Why it matters
- Andhra Pradesh is courting space startups.
- Astrobase, SpaceFields, EtherealX and Skyroot also plan sites there.
The business
- Agnikul builds launch vehicles for small satellites.
- Founded in 2017, it was incubated at IIT Madras.
- It is based in Chennai.
The founders
In numbers
₹510 crorePlanned investment · 2026
Up against
Skyroot Aerospace
The numbers around it
Agnikul Cosmos has 1 funding rounds in StopDown's archive, over $78 Mn raised in all.
| When | Round | Amount | Led by |
|---|---|---|---|
| 19 March 2026 | Series A or later | ₹25 Cr | TIDCO |
Other articles talking about it
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at little extra cost. India also has a legal definition for scheme benefits: under ten years old, turnover under ₹200 crore, and working on innovation or a scalable model.
- IN-SPACe authorisation: IN-SPACe authorisation is the formal approval that the Indian National Space Promotion and Authorisation Centre gives a private company before it launches rockets, operates satellites or sells certain space services from India. It sits at the centre of the Indian Space Policy 2023, which opened the sector to private firms.
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