DeltaVision, a Munich-based spacecraft component supplier, raised 10.2 million euros ($11.6 million) in its first funding round to scale production of valves and propulsion equipment for in-space refueling applications. The round was led by KT Ventures and Valemount Capital, with backing from Futury Capital and other private investors. The company plans to increase annual production capacity to 5,000 units, addressing what it describes as strong demand and supply constraints in the market for spacecraft propulsion components.
The 125-person company currently manufactures components in a former Siemens facility in Munich and recently opened a French subsidiary for additional development work. DeltaVision counts more than 60 customers, including major space primes and government agencies. The company is already supporting the ESA's Argonaut lunar lander program, which aims to develop a large cargo vehicle for the Moon.
Beyond current production, deltaVision is pursuing in-orbit refueling technology development. The company's roadmap targets what it calls a modular, interoperable technology stack for spacecraft refueling, positioning itself against winner-takes-all approaches in the nascent market. CEO Alex Plebuch stated that an interoperable ecosystem would expand overall market size and benefit multiple stakeholders across the industry.
DeltaVision has operated profitably since its founding in 2022, having previously secured a convertible loan from the same two lead investors. The timing reflects growing investor interest in on-orbit servicing and lunar logistics infrastructure as space agencies and commercial operators expand their operational scope beyond Earth orbit.