Spacetech Kurs Orbital announces that it has closed a €3.7 million investment round to bring its innovative solutions to the in-orbit service and logistics market. The round was led by OTB Ventures, Inovo and Credo Ventures, Galaxia, CDP Venture Capital’s National Aerospace Technology Transfer Hub together with Obloo Ventures and the regional co-investment fund Piemonte Next, created and managed by CDP Venture Capital and supported by the Piedmont Region’s Financial Institute, Finpiemonte, founded in 2022, Kurs Orbital is incubated in I3P, the incubator of the Politecnico di Torino, as part of the ESA BIC Turin incubation programme.
Space Assistance & Logistics
The startup aims to democratize in-orbit assistance solutions, including space debris removal, satellite orbital transfer, de-orbiting, and satellite inspections, by providing reliable and cost-effective rendezvous and docking technology. Its innovative ARCap module enables space service and logistics industries, which otherwise could not afford to operate in the orbital market, to scale their business. The seed investment allows Kurs Orbital to complete its first flight model, allowing it to accelerate integrated testing and team expansion, with the intention of becoming the leading provider of this technology. ARCap is a single, standardized rendezvous module that can be integrated into any type of satellite, orbital transfer vehicle (OTV), cargo/crew vessel, or space bus used by enterprise customers to enable transportation, life extension, in-orbit assistance, space debris removal, and much more. “This round is critical to our next step: delivering effective and cost-effective space rendezvous technology,” said Volodymyr Usov, CEO and co-founder of Kurs Orbital in a statement With the help of our investors, we will be able to reach the market sooner, enabling many more startups and companies to initiate debris removal and satellite service operations that are vital to the sustainability of space activities.” Wojtek Walniczek, Partner at OTB Ventures, says: “The Kurs Orbital team, with a long and rich experience in the design and implementation of rendezvous and docking systems in the context of a space agency, immediately impressed us with the right combination of deep and unique expertise combined with an innovative vision of technology and the market. The time is ripe for change in the space industry, and the company is in a prime position to offer and commercialize this essential platform for future space operations. We made sure to bring together a strong consortium of investors to give Kurs Orbital a solid foundation and drive dynamic growth over time.” “We are delighted to join forces with OTB Ventures to support Kurs Orbital’s pioneering project in the in-orbit service and logistics market,” says Claudia Pingue, Head of CDP Venture Capital’s Tech Transfer Fund “This investment demonstrates how the Italian industrial and research ecosystem is among the few in the world to provide a fully integrated value chain for the space economy”, adds Nicola Redi, managing partner of Obloo Ventures. Giuseppe Scellato, President of I3P and coordinator of ESA BIC Turin, says: “We are very proud of this important investment round by Kurs Orbital, which has entered the first cohort of startups of the ESA BIC Turin programme with the aim of bringing to market a highly innovative and strategic technology for the development of future satellite platforms”.
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