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Ramping up production capacity of groundbreaking space propulsion systems

ThrustMe aims to revolutionize satellite propulsion with a cost-effective iodine-based system, enhancing production capacity and developing next-gen technologies following successful in-space demonstrations.

Subsidie
€ 2.000.000
2022

Projectdetails

Introduction

The space industry is experiencing rapid growth with 24,000 satellites expected to be launched in the next ten years. Electric propulsion systems are needed for satellite mission success, but conventional systems almost exclusively use xenon propellant, which is expensive and must be stored at high pressures.

Challenges with Conventional Systems

In addition, conventional propulsion suppliers do not provide a complete system, and subsystems are engineered separately by different suppliers. This fragmentation can lead to inefficiencies and increased costs.

ThrustMe's Solution

ThrustMe's solution is a complete, standalone propulsion system that makes use of the groundbreaking alternative propellant iodine.

Advantages of Iodine Propellant

  • Can be stored unpressurized as a solid
  • Almost 100x cheaper than xenon

ThrustMe has recently performed the world's first in-space demonstration of this new technology and has confirmed customer interest.

Funding Requirements

Funding is needed to ramp up production capacity to help ThrustMe realize its full commercial potential to become market leaders. Additionally, this funding will support the development of our next generation systems.

Financiële details & Tijdlijn

Financiële details

Subsidiebedrag€ 2.000.000
Totale projectbegroting€ 3.515.000

Tijdlijn

Startdatum1-8-2022
Einddatum31-12-2024
Subsidiejaar2022

Partners & Locaties

Projectpartners

  • THRUSTMEpenvoerder

Land(en)

France

Inhoudsopgave

EIC Accelerator

EU-subsidieprogramma voor mkb en start-ups met grants tot €2,5 mln en equity-investeringen tot €15 mln voor baanbrekende innovaties.

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