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.
EV battery-as-a-service startup Battery Smart raised $15 million in debt funding from Mirova, an affiliate of Natixis Investment Managers. The capital will expand its BaaS infrastructure and grow partner-operated swapping stations across major urban and semi-urban markets in India. The move comes as demand strengthens for faster, lower-cost EV battery swaps—especially for last-mile delivery and passenger transport.
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