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Financing round for satellite propulsion startup

© Enpulsion

The additional financial resources will be primarily used to expand production capacities for satellite propulsion technology, in order to fulfil growing demand, especially from the USA. The modular propulsion systems are mainly required for small satellites which are being deployed in increasing numbers to carry out tasks such as weather forecasting or the transmission of TV and Internet signals. Frequently swarms of mini-satellites are placed in orbit. Conventional engines with a comparable performance can be up to ten times bigger and cost about EUR 600,000. In contrast, the propulsion system developed by Enpulsion costs only about EUR 30,000 apiece. The technology applied in Enpulsion’s production process is based on more than 15 years of research and development work. The technology was developed in cooperation with the European Space Agency (ESA) at FOTEC, the research company of the University of Applied Sciences Wiener Neustadt.  

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Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.

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