Chennai-based space-tech company Agnikul Cosmos has raised $17 million (₹150 crore) in a funding round led by Advenza Global Ltd, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, and 100X.VC. The new round of funding now values the company at $500 million.

The company aims to deploy the proceeds in scaling production units of aerospace and rocket components and advance its stage-recovery programme.

A portion of the funds will also be allocated for developing Agnikul’s 350-acre integrated space campus for building end-to-end facilities for manufacturing & testing launch vehicle systems.

“Given our previous successful controlled ascent launch that allowed us to demonstrate all our patented technologies with ISRO and IN-SPACe support, we have now been able to

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