# ThrustMe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thrustme

- Industry: Aerospace
- Headquarters: France
- Website: www.thrustme.fr
- Total disclosed funding: $1.5M
- Latest round: Seed (Aug 8, 2017)
- Investors on record: 1

## About

ThrustMe SAS is a French company specializing in innovative electric propulsion systems for satellites, focusing on advanced iodine-based technologies to enhance in-orbit mobility and satellite maneuverability.Founded in 2017 in France, ThrustMe SAS develops advanced propulsion solutions for satellite constellations. The company, led by CEO Ane Aanesland, has completed 4 deals with its most recent funding round being a Series A raise of EUR 1.76 million on January 18, 2022, bringing the total amount raised to EUR 1.76 million, with a current company valuation of EUR 33.61 million.ThrustMe specializes in advanced in-orbit propulsion systems, primarily focusing on electric propulsion technologies that utilize iodine as fuel. Their core product offerings include game-changing turnkey solutions designed for satellite constellations, such as the NPT30-I2 and JPT150 propulsion systems. These products are engineered to provide high-performance mobility solutions that cater to both constellation deployment and rideshare missions, ensuring that satellites can efficiently maneuver in space. By offering fine maneuvering capabilities, reaction wheel desaturation, and comprehensive orbit and attitude control in compact 1U packages, ThrustMe addresses the growing demands of the small satellite market. Their products have been successfully deployed and tested in space, with a customer base that includes satellite operators and space agencies across Europe and Asia, reflecting a commitment to sustainability and innovation in the aerospace sector.ThrustMe generates revenue through direct sales of their propulsion systems and related services to aerospace clients, including governmental and private space organizations. The transactional structure typically involves B2B partnerships, wherein clients purchase propulsion solutions tailored to their specific satellite missions. Notable products, such as the NPT30-I2 clusters, serve as flagship offerings and are integral to the company’s value proposition. Revenue transactions are based on contractual agreements that outline the costs associated with the procurement of propulsion systems, complemented by potential ongoing support and maintenance services. This established pricing framework allows ThrustMe to cater to various budgetary requirements while ensuring clients’ missions are equipped with state-of-the-art propulsion technology.Following the Series A funding round in January 2022, ThrustMe SAS aims to bolster its product development and expand its market reach. The company is currently designing next-generation propulsion systems set for release within the next two years, targeting both existing and new market segments. Specific geographic regions for expansion include North America and Asia, with plans to establish a presence by 2025. The recent funding will support these initiatives, enhancing the company’s capabilities to innovate and scale its solutions in the global aerospace market.

## Funding rounds

- Seed, Aug 8, 2017, $1.5M — Kima Ventures

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed