Red Balloon Aerospace Private Limited, a near-space solutions startup, and Bazoomq Space Research Laboratory, an Armenia-based private space research organisation, have signed an agreement to jointly advance near-space test campaigns, payload-platform integration, atmospheric research, and onboard AI development.
The partnership will enable both organisations to jointly execute stratospheric demonstration campaigns, test payloads under real near-space conditions, advance edge computing and autonomy applications, and explore future commercial opportunities.
“For India’s near-space ecosystem, the collaboration is a signal that indigenous capability is now attracting international partners. For Armenia, it creates a direct pathway into one of the world’s most active emerging stratospheric markets,” CVS Kiran, Co-Founder and CEO of Red Balloon Aerospace Private Limited, said.
“Partnership with Red Balloon Aerospace gives us a strong framework to explore near-space capabilities, advanced payload integration, and edge compute applications that can help strengthen Armenia’s role in the emerging aerospace ecosystem,” Avetik Grigoryan, Co-Founder and CEO of Bazoomq Space Research Laboratory, said here in a statement on Wednesday.
Vijayawada-based Red Balloon launched the country’s first indigenous stratospheric super-pressure balloon platform, VISTA, which carried commercial payloads to the stratosphere. High-altitude platform systems are gaining global attention as governments, industry, and research institutions seek resilient solutions for connectivity, disaster response, environmental monitoring, and persistent Earth observation.
Published on June 17, 2026
