Airbus Ventures Invests $5 million in Helicity Space

12 December 2023
GeoSpatial World

AI Generated Summary

Helicity Space has announced a $5 million seed round of funding from several new investors, including Airbus Ventures, TRE Advisors, Voyager Space Holdings, E2MC Space, Urania Ventures and Gaingels.

The funding will enable the company to advance its proprietary technology, the Helicity Drive, which is designed to enable safer, faster, reusable, and more fuel-efficient travel into deep space.

The company’s success is seen as a step towards bringing the entire Solar System into Earth’s reach and meeting more of the planet’s energy needs.