Polaris SpacePlanes raised €7.1 million in private funding led by Klaus Dienes to develop the supersonic prototype Nova and execute on large customer contracts.
Polaris SpacePlanes raised €7.1 million in private funding led by Klaus Dienes to develop the supersonic prototype Nova and execute on large customer contracts.
09/20/24, 4:38 PM
Location
bremenMoney raised
€7.1 million
Industry
aerospace
manufacturing
Investors
Kupke Gmb H, E2 Mc Ventures, Mittelständische Beteiligungsgesellschaft Bremen, Polaris Space Ventures, Klaus Dienes
Polaris SpacePlanes has received its largest investment to date, totaling €7.1 million from businessman Klaus Dienes. The funding will be utilized for the development of the supersonic prototype Nova and to fulfill large customer contracts.
Company Info
Location
bremen, bremen, germany
Additional Info
Polaris SpacePlanes is a German aerospace startup focused on developing a novel reusable space launch and hypersonic transport system. The company aims to innovate in spaceflight and defense markets, utilizing composites-intensive products and technologies. Polaris seeks to capture commercialization potential in these sectors through its ongoing development efforts. With significant investments, Polaris is advancing toward producing a supersonic prototype and fulfilling large customer contracts.