BORDEAUX, France (HyPrSpace PR) – HyPrSpace, a startup specializing in the design of space launchers, has announced that it has raised €1.1 million from the Geodesic fund, the French Tech Seed fund managed on behalf of the French government by Bpifrance as part of France 2030, and private investors. This funding will allow the startup to strengthen its teams to accelerate the development of its OB-1 reusable launcher, and to offer a fast, economical, sovereign and more environmentally friendly orbiting service!

Founded in 2019 by Alexandre Mangeot, Sylvain Bataillard and Vincent Rocher, HyPrSpace aims to develop a launcher using a propulsion technology that facilitates access to space: Hybrid propulsion. This technology is reliable, inexpensive and has a lower carbon footprint, but until now it has suffered from a technological lock-in that makes the engines unusable for launch applications.

PARIS (Gama PR) — Gama, a French aerospace company, has raised 2 million euros [USD $2.2 million] with the French Public Investment Bank (BPI), the French Space Agency (CNES) and leading international angel investors to deploy a solar sail in space and revolutionize space transportation.

A solar sail allows a spacecraft to be powered solely by sunlight. This new propulsion technology enables speeds never reached before to explore our Solar System and beyond.

This first round of funding will finance a demonstration mission: the deployment of a solar sail from a satellite launched by SpaceX. Other missions will follow.