TLDR:
Key Points:
- Turin-based spacetech startup, Kurs Orbital, secures €3.7 million in seed funding to democratise in-orbit servicing and logistics.
- The funding round was led by OTB Ventures and joined by other notable investors.
Kurs Orbital, a spacetech startup based in Turin, Italy, has recently raised €3.7 million in seed funding to expand its innovative solutions in the in-orbit services and logistics market. The round, led by OTB Ventures, included participation from other major investors such as Credo Ventures, Galaxia, In-Q-Tel, and Inovo. The startup, founded in 2022 and incubated in I3P, aims to democratise in-orbit servicing solutions like space debris removal, satellite relocation, de-orbiting, and satellite inspections, through its ARCap module.
The ARCap module, a single and standardised rendezvous module, allows servicing and logistics industries to scale up their operations in the orbital market by providing reliable and cost-efficient rendezvous and docking technology. The funding will help propel Kurs Orbital towards the completion of its first flight model, enabling faster integrated testing and team expansions to become a leading provider in this platform technology. With the aim of delivering powerful and cost-effective rendezvous technology, the startup is set to revolutionize the in-orbit servicing and logistics markets, essential for sustainable space activities.
Wojtek Walniczek, Partner at OTB Ventures, highlighted the deep expertise and unique approach of Kurs Orbital’s team in revolutionizing the in-space servicing market. The investment consortium supporting Kurs Orbital’s venture reflects the confidence in the company’s dynamic development timeline and positioning in the evolving space environment. The Italian research and industrial ecosystem, as underscored by Claudia Pingue and Nicola Redi, provides a robust foundation for the success of groundbreaking ventures like Kurs Orbital. Giuseppe Scellato, President of I3P and Coordinator of ESA BIC Turin, expressed pride in the startup’s achievement, emphasizing its strategic technology for the future satellite platforms.
