Assembly Line

ATMOS on Track to Assemble its Space Cargo Return Capsule Prototype to fly into Space with an additional €1.3M in Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ATMOS

ATMOS Space Cargo (ATMOS), a pioneering NewSpace startup, has raised an additional €1.3M after successfully closing its initial €4M seed funding round in June 2023. OTB Ventures, a leading European SpaceTech investor, is joining renowned SpaceTech investors High-Tech Gründerfonds, the Amadeus APEX Technology Fund (which also increased their initial investment in this extension), Seraphim, E2MC, VENTIS, and ATMOS is on track to assemble the first prototype of its Phoenix return capsule for a demonstration mission to LEO.

The additional funding is strengthening ATMOS’ current participation in ESA’s Commercial Cargo Initiative tender. Assuring the space agency’s financial requirements are met while accelerating the time to market for ATMOS’ Phoenix space capsule to fly into LEO and return a microgravity experiment for its first demonstration mission

Read more at HTG News