INNOSPACE

INNOSPACE is a South Korean space mobility innovator utilizing hybrid rocket technology to develop the world’s most efficient small satellite launcher. The company's HANBIT family of launch vehicles, including HANBIT-Nano, HANBIT-Micro, and HANBIT-Mini, leverage unique hybrid propulsion technology with a paraffin and liquid oxygen propellant combination. This proprietary technology enables cost innovation and reduces launch latency, positioning INNOSPACE as a significant player in the space launch market. Founded in 2017, INNOSPACE achieved a milestone in March 2023 by successfully launching a test launch vehicle (HANBIT-TLV) to verify the flight performance of the first stage 150 kN thrust hybrid rocket engine from the Alcantara Space Center in Brazil. With rapid advancements and successes, INNOSPACE aims to pioneer future innovations in the small satellite launch market, delivering low-cost, customized rapid launch solutions. The company recently secured a KRW20.00B Series B investment on 01 December 2022, led by Korean Investment Partners, underlining the confidence of investors in INNOSPACE's technology and market potential. With offices in South Korea, Brazil, and France, INNOSPACE is actively expanding global business opportunities in the aerospace industry.