InSpacePropulsion Technologies GmbH (ISPTech), a Hardthausen, Germany-based propulsion technology company, raised €2M in Pre-Seed funding.
The round was led by HTGF and backed by co-investments of First Momentum Ventures and Possible Ventures.
The company intends to use the funds to further develop the propulsion technology to achieve qualification for space flight and serve initial customers.
Founded in 2023 by Dr. Lukas Werling and Felix Lauck, ISPTech offers propulsion solutions to allow mobility in space – suitable for every spacecraft from small CubeSats to large capsules and landers. The products are based on non-toxic propellants, combine high performance and robustness with affordability and availability.
The company, a spin-off of the German Aerospace Center (DLR), will demonstrate its first propulsion systems in space in 2025.
FinSMEs
08/07/2024