Orbion Space Technology, a Houghton, MI—based developer of next-generation smallsat propulsion systems, raised $9.2M in Series A funding.
The round was led by Material Impact, with participation from Invest Michigan, Invest Detroit, Wakestream Ventures, Ann Arbor SPARK, and Boomerang Catapult.
The company intends to use the funds to manufacture and mass-produce the first-ever Hall-effect plasma thrusters for small satellites, dubbed the Orbion Aurora system.
Led by Dr. Brad King, CEO, Orbion Space Technology develops propulsion systems that allow small satellites to achieve more in space environments, including the Hall-effect plasma thruster designed expressly for mass production.
The company designs and develops these systems, and innovates novel techniques and processes for mass-manufacture to meet the demands of New Space customers.
Their end-to-end approach to manufacturing integrates high-performance space technology, robotic assembly-line integration, and acceptance testing perfected in high-volume production environments.
FinSMEs
28/08/2019