Skyroot becomes India’s first spacetech unicorn with $60 million raise as EV swapping pushes 25 percent revenue

Published on 8 May 2026

Investors bet big on orbital launches and battery swaps

Skyroot Aerospace, a Hyderabad spacetech startup, has raised $60 million in a co-led round by Sherpalo Ventures and GIC, crossing $1.1 billion pre-money valuation to become India’s first spacetech unicorn. The capital will scale commercial launches for Vikram-1. Meanwhile, Yuma Energy says its non-Yulu business is set to contribute 20–25% of revenue by year-end as it expands swapping across India.

Skyroot Aerospace becomes India’s first spacetech unicorn at $1.1B valuation
The $60M funding targets scaling Vikram-1 orbital launch operations
Yuma Energy expects 20–25% revenue from non-Yulu partners by year-end
Battery swapping scale-up includes 350+ stations and expansion into new mobility segments

#ev batteries #spacetech #startup funding #battery swapping #unicorn

Read the full story at YourStory

This summarization was done by Beige for a story published on YourStory

Skyroot becomes India’s first spacetech unicorn with $60 million raise as EV swapping pushes 25 percent revenue

The full experience is on mobile.