Vienna-based deep-tech aerospace startup GATE Space, which develops rocket propulsion systems for precise satellite and spacecraft maneuvering, has secured €10 million from private investors and public funding institutions.
- Launched in 2022 by Moritz Novak, GATE Space builds propulsion systems that give satellites and spacecraft the ability to move and orient themselves precisely in orbit.
- Their patented rocket engines use environmentally compliant propellants and are tested extensively in both atmospheric and vacuum conditions to ensure reliability.
- All engineering, manufacturing, and testing occur at a single Vienna facility, from precision machining to cleanroom assembly and vacuum trials, allowing full control over critical components.
- The company plans its first in-orbit demonstration aboard a SpaceX Falcon 9, after which it will scale production to serve commercial and government clients, including the European Space Agency.
- Effectively, GATE Space equips spacecraft with the propulsion capabilities needed for agile, mission-critical operations in orbit.
Details of the deal
- The €10 million funding came from private investors, including ROI Ventures, a Vienna-based angel investor, backs B2B tech startups with up to €100,000 and hands-on support, as well as public funding programs, international customers, and aerospace partners.
"GATE Space is shaping the future of rocket engines. With 22 team members, new production facilities, and patented propulsion tech, they’re making satellites faster and more agile than ever. Patrick Funke, Marco Raggl, Julian Sachs & I are proud to support a team that’s putting Austria on the space map,'' Managing Partner at ROI Ventures, Laura Raggl, commented on LinkedIn.
- GATE Space will use the fresh funding to scale up serial production of its propulsion systems and dual-use satellites, expand its engineering and manufacturing team, and prepare for its first in-orbit demonstration aboard a SpaceX rocket next year.
