The company is planning to send a spacecraft to the moon, with the help of a launch rocket by the Indian Space Research Organisation (ISRO).
The scheduled launch date of the rocket is December 28, 2017. This will be India’s first private moon mission to be launched, which until now have been regulated solely by the government. ISRO’s workhorse Polar Satellite Launch Vehicle (PSLV) will be taking the TeamIndus’s rocket to the moon.
TeamIndus won the Google Lunar XPRIZE, a 30 million USD competition. Based in Bengaluru, TeamIndus is led by Rahul Narayan. He heads a teach of over 100 members with a pool of engineers, space enthusiasts, former Air Force pilots and former ISRO employees. The investors range from Ratan Tata of the Tata Group to Binny and Sachin Bansal, co-founders of Flipkart and Nandan Nilekani, co-founder of Infosys.