Antrix terminates launch services agreement with space startup TeamIndus

The Bengaluru-startup could not even muster half of the Rs 4.5 billion it required for the mission to the moon

Team Indus, the aerospace start-up says it still plans to pursue multiple missions to the moon (over the next three to five years) on its own and for clients.

That is after it opted out of a $30-million global competition to land a rover on the moon. The Bengaluru-based entity failed to mobilise the Rs 2.25 billion to hire a rocket from India’s space agency to hurl a spacecraft and land a rover on the moon’s surface by this March. The XPrize Foundation shut the competition after five finalists, including Team Indus, said they could not achieve the feat by