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The funding will also accelerate the development of HyPrSpace's OB-1 rocket and initiate serial production of its vehicles.
The funding will expand HyPrSpace's efforts to develop defence applications for its hybrid propulsion technology.
The non-binding agreement between ATMOS and HyPrSpace is valid for three years.
HyPrSpace was founded in 2019 and is developing a suborbital demonstration rocket called Baguette One, slated for launch in 2026.
The Baguette One rocket will serve as a technology demonstrator to validate HyPrSpace’s hybrid rocket engine for its OB1 rocket.
HyPrSpace plans to prepare for the inaugural flight of its OB1 rocket in 2027 following the completion of the Baguette One demonstration.
ATMOS Space Cargo has signed a memorandum of understanding with HyPrSpace to carry out a demonstration mission aboard its Baguette One rocket.
The agreement with HyPrSpace outlines plans to establish a European re-entry logistics capability aboard future OB-1 orbital missions.
The other launch companies selected alongside MaiaSpace are HyPrSpace, Latitude, and Sirius Space Services.
HyPrSpace plans a debut suborbital test launch in 2025 enabled by access to the DGA missile testing site in Gironde.
HyPrSpace was founded in 2019 by a team of space engineers who developed the OB-1 micro-launcher and its hybrid propulsion technology.