TDB-DST signs agreement with Agnikul Cosmos for ₹200 crore RDI support to develop fully reusable Agnibaan launch vehicle

The Technology Development Board (TDB) under the Department of Science & Technology (DST) has signed an agreement with M/s Agnikul Cosmos Private Limited to provide ₹200 crore in financial support through Optionally Convertible Debentures (OCD) under the Research Development and Innovation (RDI) Fund. The project aims to develop the Agnibaan Reusable Launch Vehicle (RLV), targeting the advancement of technology readiness from TRL-4 and above to TRL-8. The initiative focuses on full-system reusability—moving beyond first-stage recovery to enable high-frequency, repeatable launches, reduce manufacturing and launch costs, and minimize space debris using a semi-cryogenic liquid propulsion system and a reusable upper-stage architecture.