Skyroot Aerospace has flagged off its Vikram-1 rocket from its facility in Hyderabad, with a launch window targeted for June 2024. This mission represents India's first privately built orbital launch, aiming to gather flight data rather than primarily focusing on payload delivery. The Vikram-1 rocket, standing 23 meters tall, has a payload capacity of 350 kg and is designed as a low-cost launch vehicle, with over 90% of its components manufactured indigenously. The company plans to ramp up production to one rocket per month by next year, intending to establish a regular commercial launch service. Valued at approximately $500 million, Skyroot has raised around $100 million from various investors and is eyeing additional funding to achieve unicorn status in the Indian space sector. The startup previously demonstrated its capabilities with the Vikram-S mission in 2022 and is now set to undertake more complex orbital launches in collaboration with the Indian Space Research Organisation (ISRO).