Morpheus Space’s Satellite Thrusters Are Powered Forward With $28 Million Series A

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The rise of the satellite industry has been a boon for Morpheus Space, which produces a modular electric propulsion system for small satellites.

Morpheus has raised a Series A of $28 million, with which it intends to build a factory in Dresden, Germany, where it is based, and to increase the workforce. This will allow the company to ramp up production of its propulsion systems to meet exponentially growing demand in the small satellite market; since 2019, the number of small satellite launches has increased by almost 450%.

In 2020, Morpheus launched its Nano Field Effect Electric Propulsion Thruster (NanoFEEP), which it claims is the “smallest and most efficient electric propulsion system in space” in the world.

Because the system is modular, NanoFEEP thrusters can be combined to create more powerful propulsion systems to meet the needs of a specific satellite. For example, a cluster of seven NanoFEEP thrusters is called MultiFEEP, and multiple MultiFEEP thrusters can be added to maneuver larger craft. This allows customers to avoid spending additional time and resources developing custom propulsion systems for each of its satellites.

Since the launch of NanoFEEP, Morpheus has landed customers like Spire Global, Antaris Space and Rocket Factory Augsburg, with many more on the way.

“Last year, our number of contracts increased by 250% and is on track to grow even more,” said István Lőrincz, president of Morpheus, who also spoke on the subject during last year’s TC sessions: ‘space. “The new factory will help us meet the needs of our growing user base. We will show by example that the NewSpace industry must implement scalable commercial and production solutions as quickly as possible to meet expected projections.

Morpheus has already indicated his agility in two short years. “A major improvement that we recently implemented in our hardware came in the form of a new propellant that improved the performance of our propulsion systems. It is non-toxic and non-corrosive, with no transportation or handling restrictions. said Lőrincz, noting that the old fuel used gallium.

The company has also developed the Sphere ecosystem, an all-in-one package that Morpheus says sets it apart from its competitors. “We provide platform-independent AI for their satellite navigation, an application that helps plan the entire customer journey from design to satellite operations, mission design software for constellations, and our world-class propulsion,” said Lőrincz.

The funding round was led by Alpine Space Ventures, with participation from Vsquared Ventures, Lavrock Ventures, Airbus Ventures, In-Q-Tel, Pallas Ventures and Techstars Ventures. With thousands of satellites slated for launch over the next few years, Morpheus has many more potential customers (and investors) to woo with its system.

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