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Auriga Space emerged from stealth today with a novel electromagnetic launch system and $5M in its pocket for prototyping and expanding its LA facility. https://lnkd.in/eicyfi55
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We are excited to introduce our newest team member: Dr. Antonio Ginart, who joins us as the VP of Power Systems Engineering. With a distinguished career spanning over 30 years, Antonio brings unparalleled expertise in power electronics and storage. Prior to joining Auriga Space, Antonio held technical leadership positions at Enteligent, Virgin Hyperloop, and Katerra. He boasts a remarkable track record of leading R&D teams to develop cutting-edge products, and playing pivotal roles in the creation of groundbreaking technologies. He also serves as a senior member of the IEEE and as an Affiliate Faculty Member at the University of Georgia's College of Engineering. Antonio holds a PhD in Electrical Engineering from the Georgia Institute of Technology. Welcome, Antonio Ginart!
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Check out our careers page, we're hiring!
🚀 Investment Case Study: Auriga Space 🚀 Auriga is developing a groundbreaking kinetic launch solution powered by electromagnetics. Paving the way for a revolutionary infrastructure in launch technology⚡️ Auriga recently came through the Seraphim Space Accelerator programme, developing a revolutionary kinetic launch solution leveraging electromagnetics. To meet the demanding requirements for the future of space, this novel launch system plans to dramatically decrease the launch cost, increase the frequency and reduce the emissions associated with conventional rocket launch. Significant cost reductions will enable new applications in the space industry that are today impractical through rocket launch.
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We’re thrilled to announce a major milestone in our journey to transform space access. We've secured $5 million in initial funding for our revolutionary electromagnetic space launch technology. 🛰 Why This Is a Game Changer: * We're harnessing electromagnetic innovation to propel launch vehicles into space, dramatically cutting costs and expanding launch capacity. * Our technology offers on-demand capabilities for commercial and government satellite operators, enhancing flexibility in launch schedules to adapt to changing circumstances. * With a shift to clean space launch, we're reducing the environmental impact of space exploration. We’re advancing the space industry's pursuit of sustainability, responsiveness, and efficiency. We're proud to have the support of incredible investors: Trucks Venture Capital, Seraphim Space, Possible Ventures, Unlock Venture Partners, DNX Ventures, Monte Carlo Capital, Vermilion Ventures, Heuristic Capital, Story Ventures, PaperJet Ventures and Syndicate 708. And we’re fortunate to have Ashley Fieglein Johnson of Planet Labs and Blake Scholl of Boom Supersonic as advisors. The journey has just begun, and we're excited about the innovative possibilities that lie ahead. Stay tuned for updates as we pioneer a new era of space exploration. Read more in our news release: https://lnkd.in/gKgw7NWX
Auriga Space Secures $5 Million In Initial Funding for Electromagnetic Space Launch
aurigaspace.com
We’re honored that our friends at Payload covered our funding announcement. It’s exciting to see how they tell the story of clean, efficient, and responsive space operations.