Auriga Space, a Backyard Grove, CA-based electromagnetic hypersonic launch know-how developer, raised $6M in funding.
The spherical was led by OTB Ventures, an European deep tech investor, with participation from current buyers, together with Vehicles Enterprise Capital and Seraphim Area.
The corporate intends to make use of the funds to speed up its Prometheus operational functionality for lab-scale ballistic and recoverable hypersonic testing, and scale know-how for house launch.
Led by CEO and Founder Winnie Lai, Auriga is an aerospace know-how firm creating electromagnetic launch know-how for house and protection functions. By leveraging an electrically powered propulsion structure, it eliminates the necessity for rocket motors, lowering launch prices and growing cadence by eradicating the complexities related to conventional propulsion methods.
Following the success of Prometheus, the corporate will proceed on its roadmap to Thor, which shall be an outside full-scale hypersonic check answer, then Zeus, which can allow on-demand and every day devoted launches to orbit.
FinSMEs
15/07/2025
