Spanish spacetech pioneer, IENAI Space, recently secured €3.9 million in funding, marking a significant step forward.
This boost increases the company’s total funding to €7 million, supported by key investors including Inveready and CDTI.
IENAI Space aims to accelerate commercial production of its propulsion systems with the new funds. The company also plans to expand its client base for proprietary software tools and develop new facilities to accommodate a growing team. With a workforce increase to 30 staff by the end of the year, including more PhD candidates, IENAI is gearing up for a robust expansion.
IENAI’s cutting-edge solutions promise to revolutionise how small satellite propulsion is approached, offering industry-leading hardware and software tools.
The ATHENA system has achieved a record-breaking 400-hour firing, the longest in Europe for an ionic-liquid electrospray thruster. Confirmed by the European Space Agency, this milestone highlights ATHENA’s robust capabilities and positions IENAI for substantial industry impact.
Collaborating with Amazon Web Services through the IRIS program, IENAI is onboarding startups from diverse European incubation programs to bolster their innovative reach.
The company remains focused on maturing its technologies and creating new products to serve the burgeoning space mobility market. Investors are keenly observing these developments, as they hold potential to reshape space travel dynamics.
According to Dr. Grande, ATHENA offers unrivalled efficiency and customisation for various space missions, setting the stage for IENAI’s robust future endeavours.
IENAI Space is strategically positioned to revolutionise the small satellite industry with its innovative propulsion solutions. The recent funding is a testament to its groundbreaking efforts and promising future.
IENAI Space is on a transformative journey to secure its place as a leader in the small satellite propulsion market.
The recent funding and technological advancements position it to significantly impact space exploration and satellite technology.
