Investment to fuel growth in the in-space propulsion market, bringing the TILE ionic liquid electrospray propulsion system to satellites and spacecraft of all sizes and missions

BOSTON, Mass., July 21, 2021 (Accion Systems PR) – Accion Systems, a leading manufacturer of the world’s most advanced ion electrospray in-space propulsion systems, today announced $42 million in Series C funding led by an affiliate of Tracker Capital Management, LLC (“Tracker Capital”). The investment brings Accion Systems’ valuation to $83.5 million and Tracker Capital has acquired a majority stake in the company. The funding will accelerate the development of Accion’s next-generation propulsion system and scale up its manufacturing to meet the surging demand for in-space propulsion.

Air Force Award Will Drive Advanced Development and Commercialization of Multi-Mode In-Space Propulsion System.

BOSTON, Mass., August 11, 2020 (Accion Systems PR — In-space propulsion pioneer Accion Systems announced today that it has been awarded a follow-on Phase II Small Business Innovation Research (SBIR) contract through AFWERX, in partnership with Air Force Research Lab (AFRL), and the National Security Innovation Network (NSIN). The award recognizes the successful completion of the Phase I SBIR contact earlier this year and exciting promise for Accion’s TILE ion electrospray propulsion for use in national security missions.