Vijayawada-based Red Balloon Aerospace plans to launch a super pressure balloon in the second quarter to expand telecom coverage in underserved and rural regions. Operating in the 20 to 40 km stratospheric band for about 100 days, it will carry high-resolution imaging (25 to 75 cm) plus sensors for disaster response, industrial network monitoring, and continuous spatial observation.
Tamil Nadu Industrial Development Corporation (TIDCO) will invest ₹25 crore each in space-tech startup AgniKul Cosmos and electric mobility firm Raptee Energy. The move kicks off TIDCO’s Startup Investment Policy 2025, designed to deepen the state’s startup financing ecosystem. TIDCO is also rebranding itself as a venture catalyst to back future growth sectors.
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