Question No. 5
Direction: Read the given passage carefully to answer the following questions. Each question will have five alternatives as its answer. Choose the correct option as your answer.
Skyroot Aerospace, which launched the country’s first private rocket in 2022, aims to double its planned launches starting next year on a likely boost to the country’s fledgling private space sector from the success of the Chandrayaan-3 moon mission. The Hyderabad-based company, backed by Singapore's sovereign wealth fund, GIC, is also aiming to raise more money by the end of next year, co-founder Pawan Kumar Chandana told Reuters in an interview. "From 2024 and later, we're looking at at least two launches per year and will probably ramp up as we move further," said Chandana, whose company is set to send its second rocket to space by the end of the year. Chandana, a former scientist at the Indian Space Research Organisation (ISRO), said he was receiving "a lot of messages from global and domestic investors" who want to understand Skyroot's business ever since India became the first country to achieve a safe landing on the lunar south pole. The company conducted the country's first private rocket launch looking to cut satellite launch costs in an industry fast getting crowded as various firms build out networks to deliver broadband services, which need small satellite launches. Chandana said the company plans to ramp up its 280-member workforce by 20% in the next two years to support the expected increase in launches. It is also planning a fundraising in 2024, more than the $51 million raised in its last round led by GIC, Chandana said, without giving further details. "We're well funded for now. So, the next large fundraising round, the Series C round, will probably be in 2024 end," Chandana said.
Question:
Which of the following statements made by/about Pawan Kumar Chandana are true according to the passage?
A. "Skyroot Aerospace aims to achieve three rocket launches per year starting in 2024."
B. "Singapore's sovereign wealth fund, GIC, led the last funding round for Skyroot Aerospace."
C. "Skyroot Aerospace plans to establish a permanent lunar base by 2024."
D. "Pawan Kumar Chandana previously worked as a scientist at ISRO."
E. "Skyroot Aerospace's workforce expansion plan involves reducing its current workforce."