Bengaluru, Aug 28
ISRO said it successfully conducted the first hot test of the System Demonstration Model (SDM) of the Gaganyaan Service Module Propulsion System for a duration of 450 seconds at th
New Delhi [India], August 28 (ANI): Indian Space Research Organisation (ISRO) on Saturday successfully conducted the first hot test of the System Demonstration Model (SDM) of the Gaganyaan Service Module Propulsion System at the test facility of ISRO Propulsion Complex (IPRC) in Mahendragiri in Tamil Nadu.
Isar Aerospace becomes “most well-funded space start-up” in EU
Isar, the Munich-based launch service provider for small and medium satellites, has extended its Series B funding to $165m.
The round was led by HV Capital, Porsche SE, and Lombard Odier. There was also “substantial participation” from existing investors Earlybird, Lakestar, Vsquared Ventures, and Apeiron.
It added $75m to the amount raised at the end of last year. With total financing of more than $180m Isar declares itself the most well-funded space start-up in the European Union.
The funding will be used to invest in launch, testing, and manufacturing infrastructure for its largely automated rocket production. The company is expecting its first test flight in 2022.