NewRocket

Engines On !

General Information
Company Name
NewRocket
Founded Year
2014
Location (Offices)
Israel +1
Founders / Decision Makers
Number of Employees
4
Industries
Space
Funding Stage
Series A
Social Media

NewRocket - Company Profile

NewRocket, founded in 2014 and based in Israel, is revolutionizing rocket engine technology with its innovative gel-propellant technology, aiming to usher in a new era of environmentally friendly propulsion. The company's proprietary gel technology offers a non-toxic, stable propellant that combines the benefits of both liquid and solid propellants. This breakthrough addresses the risks associated with conventional rocket engine technology, such as high toxicity and transportation challenges. With a recent $1.00M Series A investment from Consensus Business Group and Pario Ventures in November 2020, NewRocket has demonstrated its potential and secured support for its vision. The company has successfully completed a proof of concept for its technology and identified key applications in the aviation, space, and power generation markets. Led by an experienced team of engineers and scientists, the company is associated with the prestigious Technion – Israel Institute of Technology, enhancing its credibility. Currently seeking strategic partnerships in the space and aviation markets, NewRocket is poised to make a significant impact with its "green propulsion" technology. "Engines On!"

Taxonomy: Green propulsion, Rocket engines, Gel propellant technology, Space technology, Environmental technology, Aerospace industry, Advanced engineering, Investment opportunities, Technion Institute, In-space applications, Aviation industry, Power generation technology, Elbit Systems Ltd., Seed investment

Funding Rounds & Investors of NewRocket (2)

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Funding Stage Amount No. Investors Investors Date
Series A $1.00M 2 30 Nov 2020
Seed Round $700.00K 1 Incubit Technology Ventures 01 Feb 2014

Latest News of NewRocket

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No recent news or press coverage available for NewRocket.

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