Infinite Orbits, a Toulouse, France-based new space in-orbit services company, raised €12M in funding.
The round was led by Newfund Capital along with the EIC Fund, IRDI Capital Investissement and Space Founders France (a CNES’s venture arm).
The company intends to use the funds to further develop its core rendezvous and proximity operations technology (RPO) and to perform in-lab and in-space validation before 1st launch.
Led by CEO Adel Haddoud, Infinite Orbits specializes in developing and operating GEO in-orbit servicers catered to satellite operators globally. The company has demonstrated capabilities in designing and developing small GEO satellites used for in-orbit services, through its patented autonomous navigation solution vision based for services relying on rendezvous capability.
The main objective of this fundraising is enabling Infinite Orbits to accelerate the development of its main project “Endurance”, a Life Extension satellite for space assets. Endurance will empower satellite operators to optimize their fleet management strategies while increasing their return on investment through adding years to the life of their satellites. Endurance is planned to demonstrate the first European Life Extension mission in 2026.
Infinite Orbits’ Endurance will be operated by Infinite Orbit’s RPO technology (Rendezvous and Proximity Operations), an autonomous vision based navigation technology that allows assets in space to approach and dock to one another. RPO technology is designed to be replicated for advanced in-orbit services, including close inspection, refuelling, in-space manufacturing and many more applications yet to materialize following the spectacular growth of satellites launched in recent years.
The verification and validation roadmap of Infinite Orbits’ technology started in 2019 with key technology partnerships including ESA & CNES and with funding from the European Innovation Council (EIC), Bpifrance, La Region Occitanie. This roadmap has led to the launch of Infinite Orbits’ Orbit Guard™#1 to GEO orbit on May 1st 2023, carrying the first version of Infinite Orbits technology.
FinSMEs
15/05/2024