Pave Space Secures $40 Million for Satellite Orbital Transfer Vehicle Development

Swiss startup Pave Space has raised $40 million in seed funding to develop an orbital transfer vehicle for moving satellites. The financing round was led by Visionaries Club and Creandum, with participation from various European investors. Pave aims to create a system that can relocate satellites from low-Earth orbit to higher destinations in under 24 hours. The company plans to demonstrate its technology aboard a SpaceX rocket in October 2026. Pave has signed eight agreements with satellite operators and is in discussions for more.

Published Mar 26, 2026

Pave Space, a Swiss startup, has raised $40 million in seed financing to develop an orbital transfer vehicle for moving satellites. The funding was led by Visionaries Club and Creandum, with participation from Lombard Odier and other investors.

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Pave's vehicle aims to transport payloads from low-Earth orbit to higher orbits within 24 hours. The company, formed in 2024, plans to demonstrate its technology with a mission aboard a SpaceX rocket in October 2026. Pave has secured eight agreements with satellite operators and is in talks for additional partnerships, addressing the logistical needs of the expanding space economy.