SpaceTech company HyImpulse secures over €50 million.

Heil­bronn – HyIm­pulse Tech­no­lo­gies GmbH (“HyIm­pulse”), a leading Euro­pean launch services company that deve­lops and provi­des subor­bi­tal and orbi­tal launch capa­bi­li­ties based on proprie­tary propul­sion tech­no­logy, announ­ced a Series A exten­sion of its Series A finan­cing tota­ling more than 50 million euros in equity. This mile­stone reflects the strong confi­dence of new and exis­ting inter­na­tio­nal inves­tors in the company’s tech­no­logy, commer­cial progress, and long-term vision of streng­thening Europe’s sove­reign access to space. 

The round was co-led by JOIN Capi­tal and Ace Capi­tal Part­ners, with parti­ci­pa­tion from new inves­tors, inclu­ding North Ventures, BW-Capi­­tal, and Bayern Kapi­tal, as well as the German Aero­space Center (DLR), supple­men­ted by contin­ued support from exis­ting share­hol­ders, inclu­ding Campus Foun­ders Ventures. This brings the company’s total equity and public funding to more than 125 million euros. 

The funding will acce­le­rate the deve­lo­p­ment and commer­cia­liza­tion of HyImpulse’s port­fo­lio of launch services, inclu­ding the second SR75 launch from the Saxa­Vord Space­port by the end of 2026 and the maiden flight of the SL1 launch vehicle, as well as expan­ding produc­tion capa­city and scaling up commer­cial opera­ti­ons across Europe and beyond. It will also streng­then the company’s posi­tion in key growth markets, inclu­ding custo­mi­zed and respon­sive satel­lite launch services, space mobi­lity, and subor­bi­tal rese­arch and defense applications. 

Dr. Chris­tian Schmie­rer, co-foun­­der and CEO of HyIm­pulse: “This finan­cing reflects our inves­tors’ confi­dence in our team, our tech­no­logy, and our busi­ness vision. Europe needs inde­pen­dent, flexi­ble, and econo­mic­ally sustainable launch capa­bi­li­ties. Our proprie­tary hybrid propul­sion tech­no­logy, along with our subor­bi­tal and orbi­tal services, enable us to meet the growing demand in the commer­cial, insti­tu­tio­nal, and defense markets.”

“Europe needs not only more rockets, but also a launch cost struc­ture that actually works,” said Jan Borg­städt, foun­ding part­ner of JOIN Capi­tal. “HyIm­pulse has deve­lo­ped a funda­men­tally leaner rocket archi­tec­ture: about half the number of compon­ents, a cost reduc­tion to half per kilo­gram, and signi­fi­cantly lower capi­tal requi­re­ments to reach orbit. The company has alre­ady proven the tech­no­logy in flight. That’s why we parti­ci­pa­ted in this funding round.” 

Shimon Tsent­si­per of ACE Capi­tal Part­ners explai­ned: “We were very impres­sed by how Dr. Chris­tian Schmierer’s team achie­ved key mile­sto­nes with limi­ted resour­ces. Today’s space launch market is suffe­ring from signi­fi­cant excess demand, parti­cu­larly for afforda­ble, purpose-built launches—and HyIm­pulse offers a ground­brea­king solu­tion to this bott­len­eck. We are proud to join the inves­tor group and support the company as it beco­mes the market leader in this segment.”

Estab­li­shing Europe’s Inde­pen­dent Access to Space and Subor­bi­tal Hyper­so­nic Capa­bi­li­ties Access to space is beco­ming incre­asingly important for Europe’s econo­mic compe­ti­ti­ve­ness, tech­no­lo­gi­cal sove­reig­nty, and secu­rity. HyImpulse’s proprie­tary hybrid propul­sion tech­no­logy combi­nes non-explo­­sive paraf­fin fuel with liquid oxygen, offe­ring a safe, cost-effec­­tive, and scalable alter­na­tive to conven­tio­nal kero­­sene-based systems. The lower system comple­xity and redu­ced number of compon­ents enable safer, more respon­sive launch opera­ti­ons and compe­ti­tive launch econo­mics, support­ing afforda­ble and sove­reign access to space. HyIm­pulse alre­ady opera­tes a commer­cial subor­bi­tal plat­form, the SR75 subor­bi­tal launch vehicle. 

Follo­wing its first flight campaign at the Koonibba Test Range in South Austra­lia in 2024, the company is prepa­ring for its next SR75 launch from the Saxa­Vord Space­port in Scot­land. HyImpulse’s SR75 and the broa­der goals of the subor­bi­tal road­map aim for launch capa­bi­li­ties of up to Mach 15 and ranges of up to 10,000 kilo­me­ters, ther­eby addres­sing growing demand from governments. 

Commer­cial Momen­tum in a Growing Market

The global market for commer­cial launch services is projec­ted to reach a volume of $32 billion by 2035, with further growth oppor­tu­ni­ties in subor­bi­tal launch services and flexi­ble launch solu­ti­ons. HyIm­pulse is bene­fiting from the growing demand for inde­pen­dent launch capa­bi­li­ties and has an order back­log of more than 350 million euros for its subor­bi­tal and orbi­tal programs. The funding will further acce­le­rate the company’s commer­cial expan­sion and tech­no­lo­gi­cal deve­lo­p­ment. — HyIm­pulse is ente­ring its next phase of growth with an order back­log of more than 350 million euros and a growing inter­na­tio­nal custo­mer base. 

About HyIm­pulse Tech­no­lo­gies GmbH

HyIm­pulse Tech­no­lo­gies GmbH is a leading German manu­fac­tu­rer and systems provi­der of commer­cial rockets for subor­bi­tal and orbi­tal launch services. Its small-satel­­lite launch vehic­les, featuring a unique hybrid rocket propul­sion system based on oxygen and paraf­fin, set new stan­dards in the commer­cial space sector. With over 100 employees at its loca­ti­ons in Neuen­stadt, Otto­brunn, and Glas­gow, HyIm­pulse deve­lops rockets to deli­ver commer­cial payloads effi­ci­ently, sustain­ably, and relia­bly into low Earth orbit and beyond. — www.hyimpulse.de