Thomas Ohr | EU-Startups
The younger SpaceTech firm Oxford House Methods has raised an extra €7.6 million in funding, bringing the full quantity raised for the reason that launch in 2013 to €11.34 million. Oxford House Methods (OSS) builds satellites, together with deployable antennas and constructions, which can be lighter, much less complicated and price lower than these which can be at present out there. The funding spherical was led by Longwall Ventures. OSS will use the recent capital to open its new headquarters on the Harwell House Cluster and to additional develop technology which makes use of light materials and origami engineering methods to scale back storage quantity.
It at present prices roughly £30,000 per kilo to launch a satellite tv for pc into orbit. So decreasing the load can clealy avoid wasting cash. The Oxford-based firm claims to carry the record for the quickest time from an organization formation to a product efficiently deployed on orbit (lower than 30 months) with its AstroTube™ increase.
Mike Lawton, CEO and founding father of OSS acknowledged: “Closing the most recent spherical and shifting to our personal facility on the Harwell House Cluster places us in a wonderful place to deal with the worldwide alternatives we’re being approached with. I launched the corporate after realising that deployable antennas and constructions are sometimes a uncared for space of a spacecraft – an space ripe for innovation. With OSS, we’re making a step change through the use of revolutionary materials and a brand new strategy to quantity product construct – and this funding is as a lot a recognition of our successes in delivering on this imaginative and prescient up to now.”
In response to OSS, the present spherical remains to be open till September 2018, and the corporate hopes to boost addtional funds of as much as €1.5 million.