# New Rocket

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-rocket

- Industry: Aerospace
- Headquarters: Beersheba, Israel
- Website: www.newrocket.co.il
- Total disclosed funding: $0.7M
- Latest round: Seed (Feb 1, 2014)
- Investors on record: 1

## About

New Rocket develops advanced propulsion technologies focusing on innovative solutions for in-space propulsion systems, particularly through its proprietary PowerGel bi-propellant, aimed at enhancing maneuverability and safety in aerospace applications.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. It has received a total of USD 0.700 mn in funding from Incubit Technology Ventures in a SEED round. New Rocket has engaged in one deal since its inception, with its latest deal occurring on February 1, 2014.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. The company focuses on geographical markets that include North America, Europe, and parts of Asia, where there is a growing demand for sustainable and cost-effective propulsion solutions.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. Given the anticipated growth in the propulsion market, particularly within chemical propulsion systems, New Rocket's revenue is expected to benefit from increased demand for its innovative and cost-effective solutions.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. The recent SEED funding of USD 0.700 mn will be utilized to support research and development for these new products and facilitate entry into these emerging markets.

## Funding rounds

- Seed, Feb 1, 2014, $0.7M — Incubit Technology Ventures

## Investors

- Incubit Technology Ventures (https://capitalatlas.ai/funds/incubit-technology-ventures) — Seed