PARIS — Startup plasma-electric satellite thruster Apollo Fusion has secured $10 million in Series B financing from Greylock Partners’ Reid Hoffman, who was also lead investor in the company’s $8-million Series A.
Mountain View, Calif.-based Apollo said that the fresh capital, addition to advance orders from at least one unnamed customer, will allow it to double its manufacturing capability and reach cash-flow break even.
Apollo is designing electric thrusters that it says offer three times the performance of competing thrusters and a size/weight/power . . .
To view the entire article, become a subscriber!