Exotrail’s vision: onboard propulsion, on-orbit transportation and on-orbit servicing. (Credits: Real Dream, Exotrail)
PARIS, July 16, 2020 (Exotrail PR) — Exotrail has raised 11 million euros ($13 million) to become a leader in on-orbit transportation for small satellites.
This Series A round was led by two European Venture Capital firms, Karista (through Paris Region Venture Fund) and Innovacom. IXO Private Equity, NCI-Waterstart, Turenne Capital and returning investors 360 Capital, Irdi Soridec Gestion and Bpifrance also invested.
This round will further boost Exotrail’s development by allowing the company to extend its product portfolio and scale-up its manufacturing and business development capabilities.
The Series A fundraising will enable Exotrail to continue to bring unique solutions to significantly enhance deployment, improve performance and reduce space pollution in the rapidly growing small satellite space market. Exotrail’s innovative propulsion systems and mission design and operations software will now allow small satellites to optimise their deployment in space, choose their orbit, and prevent collisions thus reducing space debris.
“This fundraising reinforces our core mission which is to build sustainable constellations of small satellites. Sustainable in terms of launch costs, performance capabilities and of course space environment. Raising this money in this challenging period is hugely ...