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Aerospace, Maritime and Defense Tech Seed Founded 2017

Zenno Astronautics

Zenno Astronautics develops satellite propulsion and management technology, providing a fuel-free satellite engine that enables close proximity formation flight, responsive orbital structures, decentralized architecture, collision avoidance, and lifetime extension for satellites in orbit= The company's technology eliminates the need for propellant by using electromagnetic or magnetic fields to generate thrust,…

📍 Auckland, New Zealand · Space Tech

Funding snapshot

Last roundSeed
Amount$7M
Date28 November 2024
Total raised$7M
Team size14

About

Zenno Astronautics develops satellite propulsion and management technology, providing a fuel-free satellite engine that enables close proximity formation flight, responsive orbital structures, decentralized architecture, collision avoidance, and lifetime extension for satellites in orbit= The company's technology eliminates the need for propellant by using electromagnetic or magnetic fields to generate thrust, allowing satellites to maintain position and maneuver without fuel consumption= This approach enables new mission capabilities including constellation flying, on-orbit servicing, and extended satellite lifetimes that reduce space debris and launch costs= Founded in 2017 and headquartered in Auckland, New Zealand, the company has raised $6.6 million in seed funding from investors including Mitsubishi Electric, Shasta Ventures, New Zealand Growth Capital Partners, Enterprise Angels, NZVC, K1W1, and Outset Ventures.

Business model

Space Tech > Support Engineering > Satellite Components > Diversified

Institutional investors

Mitsubishielectric Shasta Ventures New Zealand Growth Capital Partners Enterprise Angels NZVC Global From Day One Nuance K1W1 Arkisys Alt Ventures Outset Ventures Symmatix Wolfgang Leitner Sebastian Wieczorek John Leonard Humphrey

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