# Orbion Space Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/orbion-space-technology

- Industry: Aerospace
- Headquarters: Houghton, US
- Website: www.orbionspace.com
- Total disclosed funding: $29M
- Latest round: Series B (Jun 24, 2021)
- Investors on record: 8

## About

Orbion Space Technology, Inc. develops advanced Hall-effect propulsion systems for small satellites, enhancing their maneuverability and efficiency in various orbital applications.Founded in 2016 in Houghton, US, Orbion Space Technology specializes in propulsion systems for aerospace applications. The company has successfully raised USD 20.00 mn in its Series B funding round in June 2021, led by Inventus Capital Partners. CEO Lyon King has previously founded other ventures and brings extensive experience to the organization.Orbion Space Technology specializes in high-performance Hall-effect propulsion systems, with its flagship product being the Aurora propulsion system. This system integrates a magnetically shielded thruster, power processing unit, propellant management assembly, and electrical harnessing, designed for efficiency and enhanced thrust capabilities in small satellites. The Aurora system allows for a thrust increase of up to 100 times, enabling agile collision avoidance. Orbion's target market includes satellite manufacturers and operators, providing customizable propulsion solutions for LEO, MEO, and GEO missions, primarily in North America, Europe, and select Asian markets.Orbion Space Technology generates revenue through direct sales of its propulsion systems, focusing on both customizable and standard configurations of the Aurora system. Transactions typically involve B2B partnerships where clients request tailored propulsion solutions based on specific mission parameters. Revenue is bolstered by partnerships that may include long-term contracts or service agreements for maintenance and integration of their systems into customer spacecraft, fostering a consistent revenue stream within the small satellite propulsion market.Following the Series B funding of USD 20.00 mn raised in June 2021, Orbion Space Technology plans to utilize this capital to expand its business operations. The company aims to design and launch new propulsion technologies targeting enhanced performance metrics. Additionally, it is looking to penetrate new geographic markets, with specific plans for expansion into Europe and Asia by 2023.

## Funding rounds

- Series B, Jun 24, 2021, $20M — Beringea, Inventus Capital Partners, Material Impact Fund, Wakestream Ventures
- Series A, Aug 28, 2019, $9.2M — Ann Arbor SPARK, Invest Detroit, Material Impact Fund, Wakestream Ventures, Boomerang Catapult, Invest Michigan

## Investors

- Ann Arbor SPARK (https://capitalatlas.ai/funds/ann-arbor-spark) — Series A
- Invest Detroit (https://capitalatlas.ai/funds/invest-detroit) — Series A
- Material Impact Fund (https://capitalatlas.ai/funds/material-impact-fund) — Series A, Series B
- Wakestream Ventures (https://capitalatlas.ai/funds/wakestream-ventures) — Series A, Series B
- Boomerang Catapult (https://capitalatlas.ai/funds/boomerang-catapult) — Series A
- Invest Michigan (https://capitalatlas.ai/funds/invest-michigan) — Series A
- Beringea (https://capitalatlas.ai/funds/beringea) — Series B
- Inventus Capital Partners (https://capitalatlas.ai/funds/inventus-capital-partners) — Series B