Kurs Orbital has secured €3.7 million in funding to advance its autonomous rendezvous and docking technology for in-orbit servicing, positioning it at the forefront of the evolving space logistics market.
Information on the Target
Kurs Orbital, a groundbreaking SpaceTech startup, has successfully secured €3.7 million in funding aimed at revolutionizing in-orbit servicing and logistics. The company is developing its autonomous rendezvous and docking ARCap Module, designed to provide a high-performance, flexible solution for servicing spacecraft operations. This advanced technology allows for full autonomy during missions, both in space and under ground control supervision.
According to Volodymyr Usov, CEO and Co-founder of Kurs Orbital, this funding round is crucial for progressing toward the launch of powerful and cost-effective rendezvous technology. By unlocking new possibilities in space operations, Kurs Orbital is positioned to play a pivotal role in the future of space mission logistics.
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Industry Overview in the Target’s Specific Country
The space industry in Europe is experiencing significant growth, driven by increasing demand for satellite services, exploration missions, and in-orbit servicing. With the European Space Agency (ESA) leading initiatives to enhance competitive
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OTB Ventures
invested in
Kurs Orbital
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $4M