Promin Aerospace has secured $500,000 from QPDigital to develop the smallest orbital rocket in history, aimed at disrupting the aerospace market with cost-effective satellite launch solutions.
Information on the Target
Promin Aerospace is an innovative startup focused on revolutionizing the space industry by developing the smallest orbital rocket in history. The company has successfully secured $500,000 in funding from QPDigital, a project under Q Partners. This capital will be directed toward creating a lightweight rocket engine and further advancing the product's development and marketing.
Promin Aerospace's flagship innovation is a unique engine that utilizes a solid fuel rod, which also serves as the rocket's body during flight. The engine's consistent pulsation allows for precise trajectory control. The design employs additive manufacturing techniques, resulting in a rocket weighing between 100 and 500 kilograms. The development team consists of skilled engineers, including experts from leading technical universities in Ukraine.
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Industry Overview in Ukraine
The aerospace industry in Ukraine is experiencing significant growth, bolstered by its rich history in aviation and space technology. Over the years, Ukraine has developed a skilled workforce and
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QPDigital
invested in
Promin Aerospace
in 2021
in a Seed Stage deal
Disclosed details
Transaction Size: $1M