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Exotrail raised $58,000,000 on 2023-02-07 to scale up production of electric thrusters and expand efforts to provide in-space transportation services.
The funds raised in the Series B round will support the expansion of Exotrail’s international presence with a strong focus on the US and Asian markets.
Isar Aerospace’s Spectrum launch vehicle will launch Exotrail’s spacevan vehicle on several firm launches to low Earth orbit and geostationary transfer orbit between 2024 and 2029.
Exotrail offers an integrated spacedrop service by procuring access to space, integrating customers’ satellites onto the spacevan platform, and performing the required operations in orbit.
The combined service offering from Exotrail and Isar Aerospace enables customers to launch single satellites and satellite constellations into customer-chosen orbits.
Exotrail extended its manifest to provide competitive solutions for precise satellite delivery in LEO and GEO as part of the agreement with Isar Aerospace.
Isar Aerospace will conduct launches for Exotrail from its launch sites in Andøya, Norway and CSG, French Guiana between 2024 and 2029.
The combination of Isar Aerospace’s launch offering and Exotrail’s spacevan™ performance allows delivery of satellites into specific orbital planes, inclinations, and altitudes, including geostationary orbit (GEO).
Isar Aerospace’s Spectrum launch vehicle will launch Exotrail’s spacevan™ vehicles to low Earth orbit (LEO) and geostationary transfer orbit (GTO).
Exotrail’s team comprises more than 75 employees operating from two locations: Toulouse and Massy in France.
Exotrail signed a launch services agreement with Isar Aerospace to launch Exotrail’s spacevan orbital transfer vehicle on Isar’s Spectrum rocket on multiple missions between 2024 and 2029.
Exotrail will use the Isar Spectrum launches for a service called spacedrop to deliver small satellites to their desired orbits.
Exotrail positions spacedrop as offering customers bespoke and competitive access to LEO and GEO orbits.
The spacevan orbital transfer vehicle under development by Exotrail uses electric propulsion systems and software that Exotrail currently offers to other customers.
Exotrail signed an agreement in September with Airbus to provide Exotrail thrusters for future Airbus Earth observation satellites.
The Spectrum launches for Exotrail will take place from Andøya, Norway and Kourou, French Guiana.
Exotrail and the French government Space Agency CNES will sign a two-mission contract as part of the France 2030 package.
Exotrail offers an integrated spacedrop™ service that includes procuring access to space, integrating the platform with customers’ satellites onboard, and performing required operations in orbit.
Exotrail’s spacedrop™ service provides satellite operators with the capability to transfer satellites to their operational orbits in low, medium, geostationary, or higher orbits.
Missions performed in the context of France 2030 will use an upgraded version of Exotrail’s vehicle featuring an improved propulsion system and greater payload capacity.