Munich-based space startup deltaVision has raised €10.2 million in its first outside funding round, money earmarked for scaling production of the valves, pumps and pressure regulators that shuttle propellant around spacecraft.
The company also wants to help build one of the industry’s more speculative markets, in-orbit refuelling, in which satellites are topped up with fuel while still flying rather than retired the moment their tanks run dry.
The round drew backing from Futury Capital, KT Ventures and Valemount Capital, with tech.eu reporting that KT Ventures and Valemount Capital led.
It arrives as a fresh wave of Europe’s spacetech startups chases the in-orbit servicing opportunity that has, until recently, been dominated by a handful of American players.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Orbital refuelling is simple in principle and stubborn in practice. Most satellites launch with a fixed load of propellant, and once it is spent they are either boosted into a graveyard orbit or left to drift, even when their electronics are still working perfectly.
