Isar Aerospace

Isar Aerospace is a German aerospace company based in Munich, Germany. The company was founded in 2018.[1] The company is named after the river that flows through Munich.[2]

Isar Aerospace
TypePrivately held company
IndustryAerospace
FoundedMarch 2018
Founder
  • Daniel Metzler
  • Markus Brandl
  • Josef Peter Fleischmann
FateActive
Headquarters
Ottobrunn
,
Germany
ProductsSpectrum
Number of employees
180 (2018)
Websitehttps://isaraerospace.com

Development

The company is developing Spectrum, a two-stage, liquid-fueled rocket designed to launch 1,000 kilograms to low Earth orbit.[3]

Isar Aerospace intends to manufacture 80% of the rocket themselves, using primarily technology from the tech firms in the area surrounding Munich.[4]

The first test flight of Isar Aerospace is scheduled for 2022.[5]

Funding

In April 2020 Isar Aerospace closed US$17M in Series A funding to build its space platform.[6]

In December 2020, the company got an additional €75 million ($91 million) in funding.[5]

In April 2021, Isar Aerospace, signed a contract with Andøya Space to lease the launch pad.[7] The 20-year deal will allow the company to launch the Spectrum.

In July 2021, Porsche has acquired a small stake in Isar Aerospace.[8] The financial terms of the deal are not disclosed, but it is known that in the new round of financing, the startup raised about $75 million.[9] The company commented this purchase by explaining that Isar Aerospace has great potential to become a leading European manufacturer of launch vehicles.

In total, the startup has raised more than $180 million from investors such as HV Capital, Lakestar, Earlybird and Airbus Ventures.[10]

In January 2022 the company won European Commission’s European Innovation Council (EIC) Horizon Prize “Low-Cost Space Launch”, granted with 10 million euros.[11]

See also

References
  1. Berger, Eric (September 21, 2020). "A German rocket startup seeks to disrupt the European launch industry". Ars Technica.
  2. "US interest in German space start-ups is not rocket science". www.ft.com.
  3. "German launch startup raises $17 million with help from Airbus Ventures and an ex-SpaceX employee". SpaceNews. December 12, 2019.
  4. "German Aerospace Startup Joins the International Space Race". amp.interestingengineering.com.
  5. "Germany's Isar Aerospace raises $91M to get its satellite launch vehicle off the ground".
  6. Maday, Melissa (April 16, 2020). "Isar Aerospace Expands Into Next-Generation Rocket Production Facilities Near Munich". SpaceWatch.Global.
  7. "Isar Aerospace signs exclusive launch pad in Norway for up to 20 years". www.andoyaspace.no. Retrieved 2021-10-12.
  8. "Porsche инвестировала в разработчика ракет-носителей Isar Aerospace". inventure.com.ua (in Russian). Retrieved 2021-10-12.
  9. "Porsche приобрела долю в разработчике ракет-носителей". TAdviser.ru. Retrieved 2021-10-12.
  10. "Porsche приобрела долю в разработчике ракет-носителей". TAdviser.ru. Retrieved 2021-10-12.
  11. "Isar Aerospace wins European Commission's EIC Horizon Prize and receives 10 million euros – CAREERS IN SPACE".


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