Aurora Propulsion Technologies Oy

Aurora Propulsion Technologies Oy, based in Finland, specializes in advanced propulsion systems designed to optimize the operational lifespan and profitability of small satellites. Founded in 2018 in Espoo, Finland, Aurora Propulsion Technologies Oy focuses on developing innovative propulsion solutions for small satellites. The company has executed one funding deal, raising EUR 1. 7 million in Seed funding in September 2021, primarily led by Practica Capital, alongside investors Tesi and Kluz Ventures.

Perttu Yli-Opas serves as the CEO, steering the company's vision and operations from its headquarters in Espoo. Aurora Propulsion Technologies offers a range of advanced propulsion solutions tailored for small satellites, including ARM thrusters and Plasma Brakes for effective attitude control and safe deorbiting. Their systems are designed to comply with international space regulations, enhancing operational lifespans and reducing collision risks for satellite operators. The company’s notable projects include the AuroraSat-1, equipped with six ARM-A thrusters and two Plasma Brake prototypes, successfully launched by Rocket Lab.

They collaborate with various global partners, including SatRev in Europe and Aliena in Singapore, to address the growing demands of the small satellite market. In the most recent year of 2023, Aurora Propulsion Technologies reported a revenue of EUR 143,430. 80 with an EBITDA of EUR -481,409. 60.

The company generates revenue through direct B2B transactions, facilitating the sale of propulsion systems under structured contracts, thereby establishing steady revenue streams from ongoing satellite projects. Aurora Propulsion Technologies plans to leverage its recent funding of EUR 1. 7 million, raised in September 2021, to further develop low-Earth orbit technologies and enhance product functionality for larger satellites beyond CubeSats. The company is targeting expansion into new markets, with a focus on increasing its presence in North America and Asia by 2025, while continuing collaborations with existing partners to support future innovations.