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Bloomberg Quint

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Orbitt Space Raises $1M Funding Led By pi Ventures To Pioneer Electric Propulsion For ULEO Satellites

  • Orbitt Space, a space-tech startup, has raised $1 million in funding led by pi Ventures for developing electric propulsion technology and satellite platform for ultra-low Earth orbit below 250 km altitude.
  • The funding will be used for accelerating product design, expanding the engineering team, and testing prototypes for ULEO missions.
  • Orbitt Space aims to pioneer electric propulsion systems that operate sustainably for 5-7 years in high-drag environments using residual atmospheric gases as propellant.
  • The startup plans to launch ULEO satellites powered by this technology to enable earth observation, telecommunications, climate monitoring, surveillance, and scientific missions.

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