New Rocket

Founded in 2014 in Beersheba, Israel, New Rocket specializes in propulsion technologies, particularly through its PowerGel product. The company has not undergone any notable pivots in its business strategy.New Rocket specializes in advanced propulsion technologies, with its flagship product being PowerGel, a proprietary hypergolic bi-propellant that integrates the benefits of both liquid and solid propellants. Designed for in-space propulsion systems, PowerGel enables precision maneuverability and powerful thrust, allowing rocket engines to be activated and deactivated as required. This innovative fuel is non-toxic and storable, requiring minimal protective measures during handling, thus addressing safety concerns traditionally associated with rocket propellants. New Rocket targets the expanding NewSpace market, which encompasses various applications for high-performance spacecraft, including satellite launches and space exploration missions.New Rocket generates revenue through direct sales of its propulsion systems, specifically focusing on the PowerGel product line that serves commercial and governmental clients in the aerospace sector. The company operates on a B2B model, engaging primarily with aerospace manufacturers and space agencies that utilize its propulsion technology in their spacecraft. Transactions largely involve bulk purchases of PowerGel and related technologies, with pricing structures tailored to meet each customer’s specific needs.Looking forward, New Rocket plans to expand its product offerings, including upcoming innovations in propulsion technologies. The company aims to penetrate new markets, particularly targeting regions in Asia and Europe by the end of 2025, in response to the growing demand for efficient propulsion systems.700 mn will be utilized to support research and development for these new products and facilitate entry into these emerging markets.

1. Seed

   Feb 1, 2014

   Amount

   $0.7M

   Investors

   Locked