The funding for Reflex Aerospace comes from Munich-based investor Alpine Space Ventures and High-Tech Gründerfonds. Founded in 2021, Startup develops satellite platforms tailored to the individual needs of its customers. With the fresh capital, Reflex Aerospace plans to build initial production capacities in Munich and double its workforce to a total of 50 employees next year. A demonstrator is expected to be in space by 2024, according to the CEO. Walter Ballheimer:
"With this successful financing round, we are setting a milestone on this path: The commitments of such high-caliber investors demonstrate their confidence in our capabilities. This gives us the momentum to continue our growth trajectory despite the tight global capital environment."
“Reflex Aerospace is excellently positioned”
Christian Ziach, Principal at High-Tech Gründerfonds, says:
"By 2040, the global space market volume is forecast to nearly triple to one trillion euros. Half of this growth alone is expected to come from satellites for broadband connectivity, a field in which Europe, in particular, has a lot of catching up to do. Reflex Aerospace, with its experienced team and very strong partners, is excellently positioned to leverage this market potential."
The startup has already led a feasibility study for the EU Commission and thus proven that it can play a key role in the construction of a European constellation of communications satellites, says the COO Alexander GenzelTogether with the Bavarian State Chancellery, we are also working on a concept to quickly replace satellites that fail in times of crisis or war, thus protecting critical infrastructure.
