Isar Aerospace Based in Ottobrunn near Munich, the company develops and builds launch vehicles for transporting small and medium-sized satellites and satellite constellations into Earth orbit. The space technology startup was founded in 2018 as a spin-off from the Technical University of Munich. According to the company, more than 300 employees are currently working toward the maiden flight of the Spectrum launch vehicle, scheduled for the second half of 2023 from Andøya, Norway. Furthermore, the Aquila engine, which was developed and manufactured entirely in-house, is currently undergoing engine testing. The application areas of the satellites that the company orbits include environmental monitoring and protection, Earth observation, telecommunications, agriculture, disaster management, transportation, scientific research, and security.
“Isar Aerospace opens access to space”
Bayern Kapital with Scaleup Fonds Bayern, as well as 7-Industries Holding, Porsche, Earlybird Venture Capital, HV Capital, Lakestar, Lombard Odier, UVC, and Vsquared Ventures, participated in the Series C round. The newly raised funds will be used to intensify development and expand automated and thus cost-efficient production capacities.
Daniel Metzler, Co-founder and CEO of Isar Aerospace, explains:
"The strong interest of our international investors underscores their confidence in our vision and technological capabilities. Access to space is key to innovation, technological development, and security—now and even more so in the future. Isar Aerospace is opening up access to space, which is urgently needed by commercial, institutional, and government customers. This financing round is an important milestone on our path to orbit."
“Booked for years”
Bavaria's Minister of Economic Affairs Hubert Aiwanger says:
"Startups like Isar Aerospace are taking Bavaria's position as a space technology hub to a new level. The company is an outstanding example: It offers reliable and affordable access to space for important applications such as climate monitoring. With our Scaleup Fund Bavaria We support such technology leaders on their way to becoming internationally operating companies.”
And Monika Steger, Managing Director of Bayern Kapital, emphasizes:
"Isar Aerospace's flights are already fully booked for years – this underscores the demand for cost-effective access to orbit. We are delighted to be able to support Isar Aerospace as part of an international group of investors on its continued rapid rise."
