Orbex, a UK-based space launch company, raised funding from High-Tech Gründerfonds.
The amount of the deal was not disclosed.
The company will use the funds to accelerate orbital launch vehicle development.
Founded in 2015 and led by Chris Larmour, CEO, Orbex is building an orbital micro-launch vehicle to insert small satellites into low Earth orbit from Europe. All vehicle subsystems are being developed in-house, including rocket engines, avionics, guidance, software and patent-pending structures technologies.
The company will launch small, micro and nano satellites into accurate low Earth orbits, regularly, on time and at a fixed price. Orbex develops and launches space vehicles from within Europe, servicing launch customers globally, and recently completed main engine hot fire tests.
FinSMEs
14/06/2017