12 January 2021
13th European Space Conference, Brussels, 12th of January 2021,
The example of the success of Exotrail, which has been able to establish itself in the space services sector in record time, validates and reinforces the investment thesis defended by Innovacom, which has held Exotrail’s capital since July 2020, as lead investor in a €11 million fund raising.
With a passion for technology and innovation, Innovacom seeks, within French and European research laboratories, the “game changers” and breakthrough innovations most likely to generate real transformation in their sectors of activity.
Born within the Ecole Polytechnique incubator in 2017, Exotrail has tripled its workforce in one year, now operates on two French sites (Massy and Toulouse), has entered into major scientific (with the ICARE laboratory) and industrial (with Eutelstat) partnerships and has been awarded several European prizes and distinctions (winner of the Ile-de-France region’s “Industry Recovery Plan”, iLab Grand Prize, etc.).
The following phases of the mission carried out by Exotrail will now be dedicated to more complex manoeuvres.
Exotrail is a France-based space company which designs, develops, and operates mobility solutions. Its mission is to allow small satellites to move in space so that we can optimize their deployment, increase their performances and reduce space pollution. Thanks to this, a new world of telecommunication, Earth observation and space exploration will arise. Its mobility solutions range from highly flexible high-thrust propulsion systems for small satellites (ExoMGTM), mission simulation and operation software (ExoOPSTM), and orbital transfer vehicles (SpaceVanTM).
Exotrail was incorporated in 2017 and has secured over 18M€ from prestigious venture capital funds and public grants. Its team consists of 30 people who are passionate about disrupting the space industry. It operates out of two locations: Toulouse and Massy (suburb of Paris) in France.