Atmos Space Cargo Raises €25.7M in Series A Funding
ATMOS Space Cargo raised €25.7 million in Series A funding to develop its Inflatable Atmospheric Decelerator technology and expand its space logistics services. The investment will support the construction of a three-vehicle fleet and the development of a next-generation vehicle with a payload capacity of one metric tonne.
ATMOS Space Cargo secured €25.7 million in Series A funding, led by Balnord and Expansion Ventures, to transform into a full-scale operational logistics provider. The investment will bridge the 'return gap' in the space value chain, enabling safe and routine return of cargo from orbit. The company's Inflatable Atmospheric Decelerator technology allows for controlled, non-ablative re-entry and is designed for reuse. The funding will support the construction of a three-vehicle fleet of PHOENIX 2 capsules and the development of PHOENIX 3, a next-generation vehicle with a payload capacity of one metric tonne. ATMOS is also launching a dedicated division, ATMOS WORKS, focused on governmental and defense customers. The company's technology is expected to strengthen European competitiveness and technological sovereignty in space.
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