As part of the industrialization of its engines for minisatellites, Exotrail raised nearly 54 million euros on Tuesday, February 8, 2023.
After winning a series of contracts for its electric motors and space bus, the “NewSpace” nugget has announced a €54 million fundraising round, with the aim of becoming a global player in in-orbit services. The Toulouse-based startup plans to double its workforce by 2023, while starting to industrialize its products.
At the same time, it is also developing a software offer to differentiate itself from the competition. In other words, Exotrail has miniaturized the Hall effect technology (very popular on geostationary orbit satellites) multiplying the thrust 5 to 6 times higher than other electric propulsion technologies, to implement it on small satellites in low orbit.
Among the investors of this operation, we can mention Bpifrance, SPI (the fund Société de projets industriels), the Defense Innovation Fund of the French Ministry of the Armed Forces, as well as private investors like Eurazeo and the software engineering company Celad.
In addition to these investors, there are also historical investors, well known to Exotrail (360 Capital, Karista, Innovacom, iXO Private Equity, BNP Paribas…). This operation brings to more than 70 million euros of financing raised by Exotrail, since its launch in 2017.
J&A (Thomas Saltiel, Charlotte Viandaz) acted as advisor to Bpifrance (Bpifrance Innovation – Compartment Venture and Ambition Amorçage Angels Fund) in this fundraising.
