Polish spacetech Liftero secures pre-seed round to revolutionize orbital transportation
15 May, 2023, 12:47
Poland-based spacetech company Liftero has successfully closed a pre-seed funding round. Sunfish Partners, Freya Capital, bValue, and several angel investors participated in the round set to revolutionize orbital transportation.
- Founded in 2019, Liftero builds on its experience at the European Space Agency and EU-funded projects. The company bets on the rise of reusable launchers, sized from medium to super-heavy, which will allow very low-cost access to space. These launchers will work as a shuttle, delivering large batches of satellites to the hub orbits, driving the need for orbital last-mile delivery.
- The company is currently developing Motus. It is the smallest orbital transfer vehicle on the market and is equipped with a unique volume-efficient green propulsion system, enabling fast and efficient satellite constellation deployment.
“Super-heavy and reusable launchers are coming to the market, with SpaceX leading the way, and with them, we expect space access to transform into a so-called hub-and-spoke transportation model, in which our space tugs will play a critical role,”Tomasz Palacz, Liftero CEO and CTO, says.
- Sunfish Partners, Freya Capital, and bValue provided the funding. However, neither Liftero, nor the funds announced the amount of the transaction.
- Sunfish Partners is an early-stage VC investing in Polish deeptech startups, with initial tickets of ranging from €250,000 to €500,000. Freya Capital is a venture capital fund investing up to €1 million in early-stage companies. And bValue is another Polish VC fund providing seed startups and founders based in Central Europe with tickets ranging from €100,000 to €1 million.
- The raised funds will be used to accelerate the development of the first company’s orbital transfer vehicle, Motus.
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