Will Indian Start-Up 'Team Indus' Be The First To Land A Private Rover On The Moon?

News World India | 0
| October 6 , 2017 , 16:00 IST

The race to space is getting more players. While earlier only governments would undertake outer space projects, private firms such as Elon Musk's SpaceX are also preparing for space flights. Joining the list of prospective private players in the field of space exploration is India's start-up Team Indus which wants to land the first private rover on the moon.

Backed by Ratan Tata, Nandan Nilekani, Sachin Bansal and Binny Bansal, Team Indus has emerged as one of the 5 companies shortlisted for the Google Lunar XPrize from 29 applicants. Organised by Google, the Lunar XPrize also known as 'Moon 2.0' challenged privately funded spaceflight teams from across the world, to land a rover on the moon by March 31, 2017.

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From the 5 teams, the team that successfully lands its rover on the moon and traverse 500 metres on its surface, sending back high definition images and videos would win the contest prize money of $ 30 million.  

Team Indus, which was founded by Rahul Narayan in 2011 has already cleared three rounds of funding, but still has Rs 225 crore left to raise before launching the lunar spacecraft.

“The total project costs Rs 450 crore and we have already collected half of the amount. For the other half of the amount, we are talking to various sponsors and will be able to raise this amount in the next 3 to 6 months,” Narayan said.