Ursa Main has raised 138 million USD in its Collection D and D-1 funding rounds, with investments being led by Explorer 1 Fund and Eclipse.
RTX Ventures, Exor Ventures, Mack & Co., LLC, XN, and different institutional shareholders contributed to the rounds. The preliminary Collection D spherical was accomplished earlier within the yr, however fundraising was prolonged attributable to ‘sturdy curiosity in accelerating growth on a number of future programmes.’
It comes simply weeks after Ursa Main introduced its new Lynx additive manufacturing-powered strategy to the event of strong rocket motors. With this funding, Ursa Main will proceed to develop Lynx, whereas scaling manufacturing capability and advancing a number of propulsion programmes.
Because it final raised cash, Ursa Main has launched its Lynx answer, launched its Draper storable liquid engine designed to defend towards hypersonic weapons, and hot-fired the 50,000-pound Ripley engine. It has additionally scaled manufacturing of its 5,000-pound-thrust Hadley engine to a price of one-per-week, and certified it because the world’s first rocket engine for area launch, in-space, and hypersonic missions.
“Within the yr since our final funding spherical, Ursa Main has secured vital business and authorities prospects, delivered dozens of flight-ready engines, launched new engine ideas, and labored to deal with vital gaps in our nation’s defence. This contains growing Lynx, a line of strong rocket motors that may ship urgently wanted capabilities,” commented Ursa Main CEO and founder Joe Laurienti. “This funding will assist scaling our manufacturing capability to satisfy sturdy market demand, in addition to continued know-how innovation for our medium- and heavy-weight propulsion programs.”
“Ursa Main propulsion programs fill a vital hole within the defence industrial base at this time,” added Greg Reichow, Associate at Eclipse and former Vice President of Manufacturing at Tesla. “For the U.S. and its allies, the flexibility to discourage threats will depend upon our skill to provide progressive options using trendy manufacturing strategies that aren’t depending on fragmented provide chains. Ursa Main’s workforce possesses the technical prowess to ship the excessive manufacturing charges, low price, and superior know-how wanted to assist keep nationwide safety.”
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