LaunchPoint Electric Propulsion Solutions, Inc., an innovative aerospace power generation and hybrid-electric propulsion company, announced today that it closed its second round of seed funding fully subscribed.
LaunchPoint specializes in high-specific high-density power electric motor and controller solutions for electric actuation, auxiliary power generation, and thermal management applications in aerospace. The financing enables the company to further invest in key personnel, facilities, and development of new markets addressing the insatiable need for onboard power. The company’s products are designed for jet aircraft, unmanned aerial vehicles (UAVs) and electric vertical takeoff and landing vehicles (eVTOL). The company was recently awarded or competitively down selected for several long-term defense contracts with Tier 1 prime contractors.