An Orbital Transfer Vehicle is a spacecraft that can perform various in-orbit operations including deployment of customer payload to precise orbits.
Skyroot Aerospace and Dhruva Space emerged as winners in space category while Cornext Agri Products emerged as the winner in agriculture
Pawan Kumar Chandana, co-founder and CEO, Skyroot Aerospace said, This is the first among a series of engines being planned with various thrust levels.
"The damage to third party properties - orbiting in the space or on the ground -- by a rocket built and owned by a start-up can break the companies in the nascent sector if they have to bear the liability in full."
The company's launch vehicle ‘Vikram-I’ which is under manufacturing and targeting launch in December, 2021, hosts an Orbit Adjustment Module (OAM) at the top, which gives the final burn and inserts multiple satellites into space.
The Hyderabad companies that made a cut to the list include Marut Dronetech, UrbanKisaan, Skyroot Aerospace, ThickShake Factory, AdOnMo.