Munich – Isar Aerospace is taking the next important hurdle to unlock the potential of space with technical infrastructure.
The company has raised 75 million euros (91 million US dollars) from existing and new investors, securing the largest Series B in the European SpaceTech sector.
New on board are the investors “HV Capital” as well as Ann-Kristin and Paul Achleitner. Overall, Isar Aerospace’s financing volume will rise to almost 100 million euros.
“We are very pleased about the great interest and trust of our existing and new investors. This means that we are financed through to the first flight of our launcher and can now concentrate fully on the last development steps and the upcoming tests. In other words: Nothing stands in the way of the first successful launch of a German launcher into Earth orbit, ”says Daniel Metzler, CEO of Isar Aerospace.
And further: “All over the world, satellite manufacturers, telecommunications companies, car manufacturers or even government organizations and research institutions need access to space. The bottleneck is the carrier capacities, which are often too expensive and inflexible. ”
Isar Aerospace will offer a solution for this from next year: “We will become a scheduled airline, for which customers can book their satellite tickets at any time, with maximum flexibility and cost-effectively.”
The European answer in space
Isar Aerospace is the only privately financed European space company that has developed launch vehicles with over 1,000 kilograms of payload capacity (including propulsion systems) from scratch in-house. The founders rely on a pragmatic engineering approach, highly automated production and a simple design in order to significantly reduce the costs for each rocket launch. In addition, the three founders attach great importance to the fact that all value creation takes place within the European Union. The financing with a volume of almost 100 million euros also comes almost entirely from European investors.