Kreios Space Secures NATO Funding to Develop Electric Propulsion for Satellite Launches
Kreios Space has received €8 million from NATO's Innovation Fund to enhance satellite launches with electric propulsion. The funding supports European defense initiatives and boosts the company's total investment to over €10 million since its inception.
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Kreios Space, founded in 2021, is developing satellite launch capabilities using an electric propulsion system known as ABEP, which operates by converting atmospheric air into plasma. The company secured €8 million in September 2025, marking NATO's inaugural investment in Spain through its Innovation Fund, designed to bolster European defense.
This recent funding follows a previous investment of €2.3 million in 2024, bringing total financing to over €10 million. Kreios plans to test its technology in space, which could enhance Earth observation and critical communication. However, competition from established players like SpaceX presents potential challenges.
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