Orbex Receives £3.3M as Part of European Space Agencys Boost! Initiative
Summary
Orbex, a Forres, UK-based orbital launch services company, has been awarded £3.3m in funding. The company will use the funding to undertake activities to build the Ultra-Green Launch Complex at Sutherland Spaceport, located on the north coast of Scotland. Sustainability is also a core driver in the design of the company’s advanced, low-carbon, high-performance micro-launcher, Orbex Prime. Prime is a 19-metre-long rocket designed to launch small satellites into polar and sun-synchronous orbits. The company is funded by the Scottish National Investment bank, two of the UK’s largest venture capital funds, BGF and Octopus Ventures, Heartcore Capital and the High-Tech Gründerfonds, as well as strategic investors Elecnor, parent company of Deimos Space, and Jacobs, the largest services supplier to NASA.