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Propulsion systems startups worldwide

31 propulsion systems startups worldwide have raised money in rounds we track. These are the 31 that have raised the most, $508M between them, with the United States the most common home.

$508Mraised by these 31
31on our record in all
United Statesmost common home
Exotrailraised the most
  1. 1ExotrailExotrail is a French NewSpace company founded in 2017, headquartered in Massy, Île-de-France, with additional operations in Toulouse.

    Exotrail is a French NewSpace company founded in 2017, headquartered in Massy, Île-de-France, with additional operations in Toulouse.

    Founded 2015Massy, France$58Mlast round Feb 2023
  2. 2Orbion Space TechnologyOrbion Space Technology develops and manufactures plasma propulsion systems for small satellites.

    Orbion Space Technology develops and manufactures plasma propulsion systems for small satellites.

    Founded 2017Houghton, United States$47Mlast round Dec 2025
  3. 3bound4bluebound4blue develops automated wind-assisted propulsion systems as a turnkey solution for all shipowners and shipping companies seeking to reduce fuel costs and

    bound4blue develops automated wind-assisted propulsion systems as a turnkey solution for all shipowners and shipping companies seeking to reduce fuel costs and

    Founded 2014Spain, Spain$44Mlast round Dec 2025
  4. 4PAVE SpacePAVE Space is a Swiss company built on the success of the Gruyère Space Program, which developed Europe's first reusable rocket demonstrator.

    PAVE Space is a Swiss company built on the success of the Gruyère Space Program, which developed Europe's first reusable rocket demonstrator.

    Founded 2023Crissier, Switzerland$40Mlast round Mar 2026
  5. 5Altigreen Propulsion LabsAltigreen Propulsion Labs is a Bengaluru-based startup focused on electric vehicles (EVs) and advanced electric/hybrid powertrain systems.

    Altigreen Propulsion Labs is a Bengaluru-based startup focused on electric vehicles (EVs) and advanced electric/hybrid powertrain systems.

    Founded 2013Bengaluru, India$40Mlast round Feb 2022
  6. 6Dawn AerospaceDawn Aerospace is a multinational space transportation company founded in 2017, headquartered in Christchurch, New Zealand.

    Dawn Aerospace is a multinational space transportation company founded in 2017, headquartered in Christchurch, New Zealand.

    Founded 2017Christchurch, New Zealand$25Mlast round Jun 2026
  7. 7Hypr Space (Hybrid Propulsion for Space)We develop nextgen propulsion technologies, cheaper, quicker and greener for earth to space and space to space transportation systems.

    We develop nextgen propulsion technologies, cheaper, quicker and greener for earth to space and space to space transportation systems.

    Founded -Bordeaux, France$24Mlast round Nov 2025
  8. 8RAD PropulsionRAD Propulsion is a marine technology company based in Sarisbury Green, Hampshire, UK, founded in 2018 by engineers Rich Daltry and Dan Hook.

    RAD Propulsion is a marine technology company based in Sarisbury Green, Hampshire, UK, founded in 2018 by engineers Rich Daltry and Dan Hook.

    Founded 2018Sarisbury Green, United Kingdom$23Mlast round Jul 2026
  9. 9H55H55 is a Swiss aerospace company founded in 2017, focused on developing and certifying electric propulsion systems and energy storage solutions for the aviation industry.

    H55 is a Swiss aerospace company founded in 2017, focused on developing and certifying electric propulsion systems and energy storage solutions for the aviation industry.

    Founded 2017Sion, Switzerland$23Mlast round Jul 2024
  10. 10OceanWingsOceanWings is a French industrial startup founded in 2018, based in Paris.

    OceanWings is a French industrial startup founded in 2018, based in Paris.

    Founded 2018Paris, France$20Mlast round Sept 2023
  11. 11Edrive SpaceEdrive Space develops aerospace propulsion systems for the aerospace industry.

    Edrive Space develops aerospace propulsion systems for the aerospace industry.

    Founded 2020Beijing$19Mlast round Feb 2026
  12. 12Arkadia SpaceArkadia Space provides design, develop and commercialise engines and propulsion systems based on green propellants; the best alternative.

    Arkadia Space provides design, develop and commercialise engines and propulsion systems based on green propellants; the best alternative.

    Founded 2020Benlloch, Spain$17Mlast round Mar 2026
  13. 13Gravity IndustriesGravity Industries is an aerospace and defense technology company based in Salisbury, Wiltshire, United Kingdom.

    Gravity Industries is an aerospace and defense technology company based in Salisbury, Wiltshire, United Kingdom.

    Founded 2017Salisbury, United Kingdom$16Mlast round May 2025
  14. 14VinssenVINSSEN is a South Korean maritime technology company founded in 2017, focused on developing eco-friendly propulsion systems to reduce carbon emissions in the s

    VINSSEN is a South Korean maritime technology company founded in 2017, focused on developing eco-friendly propulsion systems to reduce carbon emissions in the s

    Founded 2017Yeongam-gun, South Korea$15Mlast round Dec 2023
  15. 15Morpheus SpaceMorpheus Space is an innovative manufacturer of electric propulsion systems tailored for the New Space industry.

    Morpheus Space is an innovative manufacturer of electric propulsion systems tailored for the New Space industry.

    Founded 2018El Segundo, United States$15Mlast round Feb 2026
  16. 16ION-XION-X is a French deep-tech startup founded in 2021 that specializes in developing ionic liquid electrospray propulsion systems for small satellites, including

    ION-X is a French deep-tech startup founded in 2021 that specializes in developing ionic liquid electrospray propulsion systems for small satellites, including

    Founded 2021Boulogne-Billancourt, France$14Mlast round Dec 2024
  17. 17Accion SystemsAccion Systems is a Boston-based aerospace startup founded in 2014, specializing in electric propulsion systems for small satellites and spacecraft.

    Accion Systems is a Boston-based aerospace startup founded in 2014, specializing in electric propulsion systems for small satellites and spacecraft.

    Founded 2014Boston, United States$11Mlast round Sept 2024
  18. 18Apollo FusionApollo Fusion is an aerospace components manufacturer based in Mountain View, California, specializing in electric propulsion systems for satellites.

    Apollo Fusion is an aerospace components manufacturer based in Mountain View, California, specializing in electric propulsion systems for satellites.

    Founded 2016Mountain View, United States$10Mlast round Jul 2018
  19. 19ACEL PowerACEL Power is a clean-tech company based in Vancouver, Canada, specializing in electric outboard propulsion systems for the marine industry.

    ACEL Power is a clean-tech company based in Vancouver, Canada, specializing in electric outboard propulsion systems for the marine industry.

    Founded -Vancouver, Canada$10Mlast round Jul 2024
  20. 20Kreios SpaceKreios Space is a Spanish deep-tech startup founded in 2021, specializing in Air-Breathing Electric Propulsion (ABEP) systems.

    Kreios Space is a Spanish deep-tech startup founded in 2021, specializing in Air-Breathing Electric Propulsion (ABEP) systems.

    Founded 2021Vigo, Spain$9.5Mlast round Sept 2025
  21. 21Revolution SpaceRevolution Space is an aerospace company based in Charlestown, Massachusetts, founded in 2014.

    Revolution Space is an aerospace company based in Charlestown, Massachusetts, founded in 2014.

    Founded 2023Boston, United States$5.7Mlast round Oct 2024
  22. 22BluefinsBluefins is an environmental technology company based in Plouzane, France, focused on developing zero-emission auxiliary propulsion systems for ocean-going vessels.

    Bluefins is an environmental technology company based in Plouzane, France, focused on developing zero-emission auxiliary propulsion systems for ocean-going vessels.

    Founded -Brest, France$4.5Mlast round Sept 2024
  23. 23IENAI SPACEIENAI SPACE is a Spanish aerospace company based in Leganés, Madrid, founded in 2019.

    IENAI SPACE is a Spanish aerospace company based in Leganés, Madrid, founded in 2019.

    Founded 2019Leganes, Spain$4.2Mlast round Jun 2024
  24. 24Applied AtomicsApplied Atomics is a private company focused on nuclear power infrastructure and space propulsion.

    Applied Atomics is a private company focused on nuclear power infrastructure and space propulsion.

    Founded -Anchorage, United Kingdom$4.0Mlast round Jun 2026
  25. 25Rocket Propulsion SystemsRocket Propulsion Systems is an aerospace company that provides design, build, test, and development of propulsion systems.

    Rocket Propulsion Systems is an aerospace company that provides design, build, test, and development of propulsion systems.

    Founded 2019Kent, United States$3.0Mlast round Jul 2025
  26. 26Benchmark Space SystemsBenchmark Space Systems is an aerospace company that offers propulsion solutions for small satellite applications.

    Benchmark Space Systems is an aerospace company that offers propulsion solutions for small satellite applications.

    Founded 2017South Burlington, United States$2.4Mlast round Jul 2025
  27. 27MagwayMagway is a zero-emission developer of goods transport systems based in Wembley, London.

    Magway is a zero-emission developer of goods transport systems based in Wembley, London.

    Founded 2017Wembley, United Kingdom$882Klast round Nov 2023
  28. 28LaunchPoint EPSLaunchPoint EPS develops advanced electric and hybrid-electric propulsion and power generation systems for the aerospace industry.

    LaunchPoint EPS develops advanced electric and hybrid-electric propulsion and power generation systems for the aerospace industry.

    Founded 2020Goleta, United States$875Klast round May 2023
  29. 29ThrustWorks DyneticsThrustworks Dynetics is a Pune-based propulsion technology company focused on designing, developing, and commercializing advanced liquid rocket engine systems a

    Thrustworks Dynetics is a Pune-based propulsion technology company focused on designing, developing, and commercializing advanced liquid rocket engine systems a

    Founded 2023India$789Klast round Oct 2025
  30. 30Astro MechanicaAstro Mechanica is an aerospace company dedicated to developing advanced flight systems, including engines, airframes, and propulsion technology for both subson

    Astro Mechanica is an aerospace company dedicated to developing advanced flight systems, including engines, airframes, and propulsion technology for both subson

    Founded 2021San Francisco, United States$500Klast round Feb 2024
  31. 31Dream AerospaceDREAM Aerospace is an aerospace startup located in Chennai, India, focused on advanced propulsion systems for satellite missions.

    DREAM Aerospace is an aerospace startup located in Chennai, India, focused on advanced propulsion systems for satellite missions.

    Founded 2021Kanpur, India$347Klast round Jan 2025
Total fundinghow the list is ranked
15 November 2026updated nightly
Rounds we tracksource: Millionrounds

Companies whose own description names this theme, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

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