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Destinus Plans To Fly A Hydrogen-Powered, Hypersonic Cargo Craft With $29M Seed Round

Feb 09, 2022•over 3 years ago

Round Type

seed

Description

A new venture from space infrastructure company Momentus founder and former CEO Mikhail Kokorich aims to build a hypersonic aircraft for autonomous cargo delivery around the world. While the craft is far from completion, let alone testing and certification, a $29M seed round should help things along.

Company Information

Company

Destinus

About

He left under something of a cloud, as there were allegations of the company having misled investors and soft-pedaled security issues relating to his ownership (Kokorich being Russian). Kokorich told TechCrunch that the company flew its small-scale prototype, about the length of a car, last year, and that it expects to fly the larger Jungfrau later in 2022. Kokorich said that the company has permission to fly at subsonic speed already (presumably in Switzerland, where the company is based), and that supersonic tests and the requisite permissions will come with the third prototype (i.e. next year’s).