Orbital Machines secured $400k.

Norway Investments 14 February 2020
Share on FacebookShare on Twitter

Orbital Machines, a Trondheim, Norway-based company manufacturing an innovative electric turbopump for orbital carrier chains, completed a financing deal totalling NOk 3.5M ($400k).

The money is part public grants (2 million) provided by Innovation Norway and part equity investment raised via Folkeinvest.

Orbital Machines, founded in 2018 by Ola Eid and Eivind Liland, is manufacturing an innovative pump for space companies.