HyImpulse Technologies GmbH has raised €15 million in equity capital as part of its Series A funding round and secured an additional €30 million in financing.
HyImpulse will use the new capital to drive forward the development and commercialization of the SL1 orbital rocket and expand its production capacities. Since its foundation in 2018, the company has raised around €74 million in capital.
HyImpulse develops the SL1 orbital rocket based on hybrid technology and the company reached a historic milestone in 2024 with the successful test flight of the SR75 suborbital rocket, which demonstrated the functionality of a commercial, paraffin-based, hybrid rocket engine for the first time. That flight is considered to be a technological breakthrough and proof of concept, forming the basis for further stages of development.
The first commercial launch of the SR75 with customers will occur as early as 2026. Building on the SR75 tests HyImpulse is working on the three-stage, SL1 orbital rocket, which is expected to transport as much as 600 kilograms of payload into LEO starting in 2027.
The company’s hybrid technology reduces the number of components by around 50 percent, lowers costs and increases reliability—a decisive factor in establishing cost-efficient and flexible launch services in the sub-ton payload range. HyImpulse is making a significant contribution to Europe’s access to space by making the continent more independent, sustainable and competitive.
The market is growing dynamically: according to a McKinsey report, the global business with satellite- based technologies is expected to reach a volume of around €1.25 trillion by 2040 (Space: Investing in the Final Frontier).
HyImpulse has already secured orders in the triple-digit million range as well as launch sites on several continents.
Christian Schmierer, co-founder and CEO of HyImpulse, said, “Europe does not have its own access to space. With this injection of capital we will accelerate the commercialization of our orbital rocket, making Europe more independent and competitive. While providers such as SpaceX offer a scheduled bus service to space, our solutions allow us to develop a flexible taxi service so that our customers can choose individual launch solutions and flexibly plan their schedules. We are grateful for the trust placed in us by Campus Founders and our other partners. Their commitment underscores the importance of our technology for European sovereignty.“
