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INNOSPACE

75 employees

A space mobility innovator using hybrid rocket technology. INNOSPACE is dedicated to a singular mission: developing the world’s most efficient small satellite launcher based in South Korea. We are developing the HANBIT family of launch vehicles (HANBIT-Nano, HANBIT-Micro, and HANBIT-Mini) using unique hybrid propulsion technology with a paraffin and liquid oxygen propellant combination. This proprietary hybrid rocket technology enables cost innovation and reduces launch latency. Founded in 2017, we made history as the space company to successfully launch a test launch vehicle (HANBIT-TLV) to verify the flight performance of the first stage 150 kN thrust hybrid rocket engine from the Alcantara Space Center in Brazil in March 2023. INNOSPACE aims to pioneer future innovations in the small satellite launch market, providing low-cost, customized rapid launch solutions. With offices in South Korea, Brazil, and France, we are actively expanding global business opportunities in the aerospace industry.

Investor insights

Funding rounds participated in

$15M sweet spot round size

Investor type

Public Company

Basic info

Industry

Aviation and Aerospace Component Manufacturing

Sectors

Aviation and Aerospace Component Manufacturing

Date founded

2017

Funding rounds raised

Total raised

$15M

from 1 investors over 1 rounds

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INNOSPACE raised $15M on January 1, 2023

Investors: Korea Investment Partners

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