German rocket startup HyImpulse raises an additional $58 million
The German rocket startup HyImpulse announced today [pdf] that it has raised an additional €50 million ($58 million) in private investment capital.
The round was co-led by JOIN Capital and Ace Capital Partners, with participation from new
investors, including North Ventures, BW-Capital, Bayern Kapital and the German Aerospace Center
(DLR), alongside continued support from existing shareholders including Campus Founders
Ventures. It brings the company’s total equity and public funding to more than €125 million.
Though HyImpulse was the first German startup to complete a launch of any kind, a suborbital test launch in May 2024, since then it has fallen behind its two German rocket competitors, Rocket Factory Augsburg and Isar Aerospace. It initially planned to launch its SL1 orbital rocket in 2024, but has repeatedly delayed that flight, and at the moment is no longer saying when that launch might occur. Meanwhile the other two German companies have rockets on the pads and have made attempts to launch, though both failed in their first efforts.
HyImpulse has deals for launching from Saxavord in the United Kingdom and the Etlaq spaceport in Oman. At the same time, earlier this year France dropped it as a user of its joint launchpad in French Guiana.
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