The Global Resilience Innovation Fund (GRIF) has completed its first investment in HyImpulse.
HyImpulse was the first German company to successfully launch its SR75 suborbital rocket in Australia in May 2024.
The sustainable hybrid propulsion technology, based on paraffin as fuel, is unique and extremely efficient to the transport of satellites into space. HyImpulse reduces the number of components by around 50%, lowers costs, and increases reliability.
Europe currently depends on non-European launch providers – European are accounting for less than one percent of global launches in 2024 (Space Economy Report 2024). We are convinced that HyImpulse will become one of the key European players in the space sector and are delighted to be part of this future, together with HyImpulse.
