Pangea Aerospace has raised 23 million euros ($25 million) in a Series A funding round led by Hyperion Fund to advance its rocket engine development. The funds will help accelerate growth in the European market for propulsion systems.

Mar 24, 2025•9 months ago

Amount Raised

€25 Million

Round Type

series a

BarcelonaAerospaceManufacturing

Investors

André Hubert RousselHyperion Fund

Description

Pangea Aerospace, a Spanish propulsion startup, has secured 23 million euros ($25 million) in a Series A round of funding. The round was led by Hyperion Fund along with several other investors. This funding will be utilized to further develop advanced rocket engines and expand manufacturing and testing facilities. Pangea aims to strengthen its position in the European market for propulsion systems.

Company Information

Company

Pangea Aerospace

Location

Barcelona, Catalonia, Spain

About

Pangea Aerospace is a Spanish startup focused on developing advanced rocket engines for launch vehicles and spacecraft. Known for its work on aerospike engines, the company leverages 3D-printing technologies in its engine prototypes. Pangea aims to serve both institutional and private customers in the European propulsion systems market. The company has secured contracts with notable entities like the European Space Agency to explore high-thrust engine designs.

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