City-based TeamIndus was the only Indian team among the finalists in pursuit of thegrand prize of USD 30 million that required privatelyfunded teams to land their spacecraft on the surface of themoon, travel 500 metres and broadcast high definition video,images and data back to Earth.
"...we announce that after consulting our teams over the last few months, that there will not be a launch by March 31st, 2018, and our grand prize will go unclaimed. We are exploring a number of ways to proceed, to continue to support our teams," Google Lunar XPRIZE tweeted.
Hours after the announcement, TeamIndus today terminated mutually the launch services agreement signed between it and the Antrix Corporation, the commercial arm of Indian Space Research Organisation (ISRO).
"Antrix and Teamlndus are mutually terminating the launch services agreement signed in 2016," a release signed by Antrix Chairman cum Managing Director Rakesh Sasibhushan said, making the official announcement after weeks of speculation over the fate of the much-hyped mission.
TeamIndus said, "We have formally, amicably and mutually closed our Launch services agreement with Antrix. We continue to look towards Antrix and ISRO as our preferred partners of choice for all our future endeavours."
Both Antrix and TeamIndus did not cite any reason for the termination of the agreement under which ISRO was to have launched TeamIndus' 600 KG spacecraft on its moon mission using its workhorse rocket PSLV from the Satish Dhawan Space Centre at Sriharikota in Andhra Pradesh.
PSLV would have injected the spacecraft into an orbit 800 km above the surface of the Earth on its moon mission.
TeamIndus spacecraft was to have taken 4 kgJapanese Hakutos rover on it to the moon with its ownindigenously designed and developed robotic rover.
Thanking partners and supporters over the seven-year journey, TeamIndus said, "We are working closely with all of them to ascertain their role as we expand our horizons and work on repeatedly delivering increased capacity, precision of payload to the Moon.
"More details on our next phase of evolution coming up later this week."
On the launch schedule, TeamIndus Fleet Commander Rahul Narayan had said earlier that they were hopeful of completing the mission in next three to six months.
The deadline for the completion of mission fixed bythe Google Lunar XPRIZE is March 31 this year.
On investments, Narayan had said the total cost of the programme was expected to be around Rs 450 crore, out which more than half had been collected and spent, adding that, for the rest talks were on with sponsors and others interested in spending on the mission.
Other than TeamIndus, the other four finalist teams who have a verified launch contracts are SpaceIL (Israel), Moon Express (USA), Synergy Moon (International) and HAKUTO (Japan).
Disclaimer: No Business Standard Journalist was involved in creation of this content
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