Ion-X raised $13.67 million in a Series A funding round led by the European Innovation Council Fund to accelerate the development and production of electrospray thrusters for small satellites.
Ion-X raised $13.67 million in a Series A funding round led by the European Innovation Council Fund to accelerate the development and production of electrospray thrusters for small satellites.
12/10/24, 7:40 PM
Location
boulogne-billancourtMoney raised
$13.7 million
Industry
manufacturing
aerospace
Round Type
series a
Investors
Innovacom, île De France Region, European Innovation Council Fund
Ion-X raised €13 million ($13.67 million) in a Series A funding round announced on Dec. 10. The investment will allow the company to industrialize its ion thruster and expand in the rapidly growing space mobility sector.
Company Info
Location
boulogne-billancourt, ile de france, france
Additional Info
Ion-X is a French propulsion startup that focuses on developing electrospray thrusters for small satellites and constellations. Founded in 2021, it is a spinoff of the French National Center for Scientific Research and startup studio Technofounders. The company aims to revolutionize the space mobility market with sustainable and cost-effective propulsion solutions. Ion-X plans to ramp up production to meet the growing demands in the space sector.