Funding Details
- Awarder
- RSS - spaceimpulse.com
- Date Award
- July 02, 2024
- Vertical
- Space Technology
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2023
- Traction
- Since its inception in 2023, ISPTech has attracted significant interest from major space players and secured its first paying customers.
- Organizations Involved
- German Aerospace Center (DLR), High-Tech Gründerfonds (HTGF), First Momentum Ventures, Possible Ventures
- Founders
- Felix Lauck, Dr. Lukas Werling
- Company Description
- InSpacePropulsion Technologies GmbH (ISPTech) specializes in developing green propulsion technology for spacecraft. Their propulsion systems utilize non-toxic propellants, offering cost-effective and reliable solutions for various spacecraft sizes. ISPTech's flagship technology, HyNOx, and HIP_11 cater to different spacecraft sizes and propulsion needs, providing flexibility and operational simplicity. The company aims to launch its first systems by the end of 2025, targeting a broader market adoption.
- Market
- Satellites
- Location
-
Germany
- Coinvestors
- High-Tech Gründerfonds (HTGF), First Momentum Ventures, Possible Ventures
Links