Aerospace News

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$60 Million Raised by Skyroot Aerospace with a Valuation of $1.1 Billion

New Delhi: Skyroot Aerospace has secured $60 million at a $1.1 billion valuation with support from Singapore’s GIC and billionaire Ram Shriram’s venture business, making it India’s first spacetech unicorn. The funding comes just weeks before the planned launch of Vikram-1, India’s first privately developed orbital rocket. Recently, the company transported the rocket’s flight hardware […]

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HAL Signs MoU with Russia’s UAC to Build SJ-100 Jet in India under ‘Make in India’ Initiative

Moscow, October 27, 2025 — In a landmark step toward reviving India’s civil aviation manufacturing sector, Hindustan Aeronautics Limited (HAL) has signed a Memorandum of Understanding (MoU) with Russia’s United Aircraft Corporation (UAC) to jointly produce the SJ-100 regional jet in India. Under this agreement, HAL will have exclusive rights to assemble the aircraft domestically, […]

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