Space mobility company IENAI Space has raised €3.9 million during its latest funding round. Together with previous investments, this latest round brings the total funding of IENAI to €7 million.
The company expects to start commercial delivery of its thruster by early 2025.
The company has secured a number of Spanish investors, which include Inveready, WA4STEAM, DPM, GED Conexo Ventures, and CDTI, a government backed investor that matches private investment. GED Conexo led the round.
The raise comes in the wake of a product milestone; IENAI’s electric propulsion system “ATHENA”…