Isar Aerospace plans to launch rockets next year

The German start-up Isar Aerospace has now raised 75 million euros from investors for its ambitious plans. This makes it one of the few deep-tech start-ups to successfully raise funding in Germany.

The German rocket start-up Isar Aerospace has completed another major financing round. As the Handelsblatt reports, the Munich-based company was able to raise 75 million euros from some prominent investors. According to the newspaper, these include Klaus Hommels - previously involved in Spotify, Skype and Airbnb - Airbus Ventures, economics professor Ann-Kristin Achleitner and her husband, Deutsche Bank Supervisory Board Chairman Paul Achleitner.

European and German investors are normally cautious when it comes to deep-tech start-ups, i.e. those that are time-consuming and capital-intensive to develop. It is therefore a surprise that the current financing round is primarily being supported by investors from Isar Aerospace's home market.

The company intends to use the money raised to send one of its launch vehicles into space with a satellite for the first time next year. Satellite transports are a growth market, as many will be needed in the coming years to safely enable autonomous driving, for example.

If Isar Aerospace's rocket, called "Spectrum", is actually launched next year, it would be the only rocket besides the pan-European Ariane system to be built with German participation.