HyImpulse raises €45 million to boost “Made in Europe” rocket technology

German-based HyImpulse Technologies GmbH (HyImpulse), a provider
of hybrid propulsion systems for satellite transport, has raised €15 million in
equity capital as part of its Series A funding round and secured an additional
€30 million in financing.

The round is led by Campus Founders Ventures. Other
investors include Helantic, GIMIC, the Global Resilience Innovation Fund
(GRIF), Mittelständische Beteiligungsgesellschaft (MBG) Baden-Württemberg,
Start-up BW Innovation Fonds, Sparkassen-Beteiligungsgesellschaft (SBG)
Heilbronn-Franken, Vienna Point and BTRON.

HyImpulse is an aerospace company
developing and manufacturing commercial rockets for suborbital and orbital
launch services. Its small launch vehicles use a proprietary hybrid propulsion
system based on liquid oxygen and paraffin, designed to offer cost-effective
and reliable access to space.

The company is developing the SL1 orbital rocket using
hybrid propulsion. In 2024, HyImpulse completed a key milestone with the
successful test flight of the SR75 suborbital rocket, demonstrating a
commercial paraffin-based hybrid engine and providing a foundation for
subsequent development. The first commercial SR75 missions with customers are
planned for 2026. The SL1 is expected to deliver up to 600 kg to low Earth
orbit starting in 2027.

Europe currently lacks fully independent access to space and
relies heavily on non-European launch providers. The Space Economy Report 2024
estimates European providers accounted for under 1 per cent of global launches
in 2024. The market is expanding, however, with a McKinsey analysis projecting
satellite-based technologies to reach roughly €1.25 trillion by 2040.

HyImpulse’s hybrid architecture is intended to reduce
component count by about 50 per cent, lower costs, and improve reliability, key
factors for cost-efficient, flexible launch services in the sub-ton payload
class. The company reports early traction with contracted orders in the
hundreds of millions and planned launch sites on multiple continents.

Dr Christian Schmierer, co-founder and CEO of HyImpulse, commented:

Europe does not have its own access to space. With this injection of capital, we will accelerate the commercialisation of our orbital rocket, making Europe
more independent and competitive. While some providers offer a scheduled bus
service to space, our solutions allow us to develop a flexible taxi service so
that our customers can choose individual launch solutions and flexibly plan
their schedules.

New capital will be used to advance the development
and commercialisation of SL1 and to expand production capacity.