Ion-X raised $13.67 million in a Series A funding round led by the European Innovation Council Fund to accelerate the development and production of electrospray thrusters for small satellites.

Dec 10, 2024•about 1 year ago

Amount Raised

$13.7 Million

Round Type

series a

Boulogne-BillancourtManufacturingAerospace

Investors

Innovacomîle De France RegionEuropean Innovation Council Fund

Description

Ion-X raised €13 million ($13.67 million) in a Series A funding round announced on Dec. 10. The investment will allow the company to industrialize its ion thruster and expand in the rapidly growing space mobility sector.

Company Information

Company

Ion-X

Location

Boulogne-Billancourt, Ile De France, France

About

Ion-X is a French propulsion startup that focuses on developing electrospray thrusters for small satellites and constellations. Founded in 2021, it is a spinoff of the French National Center for Scientific Research and startup studio Technofounders. The company aims to revolutionize the space mobility market with sustainable and cost-effective propulsion solutions. Ion-X plans to ramp up production to meet the growing demands in the space sector.

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