WASHINGTON — Impulse Space has raised $300 million in a “preemptive” funding round to enable the in-space transportation company to expand and develop electric propulsion technologies.
Impulse Space announced June 3 it closed a $300 million Series C round led by a new investor, Linse Capital. Another new investor, DFJ Growth, also participated in the round as well as many returning investors.
“Impulse is tackling one of the most technically demanding challenges in aerospace with a speed and precision we rarely see,” Bastiaan Janmaat, managing partner at Linse Capital, said in a statement about their decision to invest in Impulse. “Their vertically integrated approach, proven track record, and ability to execute quickly in this market give them a real advantage.”
The new round, called a “preemptive raise” by Impulse in a statement, comes less than a year after the company raised $150 million in a Series B round. That funding was intended to support the company through the first flight of its Helios high-performance transfer vehicle, scheduled for 2026.
“It was not our plan to go out and raise anything this half of the year,” Eric Romo, president and chief operating officer of Impulse Space, said in an interview. However, the company was approached by Linse Capital about investing.
“We managed the company relatively conservatively,” he said, seeking to stretch out the Series B funding. “We looked at, if we had more money in the bank, what would we do that we currently do today?”
Impulse plans to use the funding for several initiatives. One is to scale up production of its Mira and Helios vehicles to better meet demand for them. The company says it has more than 30 signed contracts for those vehicles, a backlog worth nearly $200 million.
Romo said the company is seeing increasing demand for Mira, the smaller of the two vehicles, for defense applications. That include an agreement with Anduril announced last October where that company…
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