NewRocket Introduces a New Generation of Space Engines (SPACEDAILY)

by Staff Writers

Tel Aviv, Israel (SPX) Dec 01, 2020

NewRocket, an innovative NewSpace startup company, launched a new generation of rocket engines. A graduate of Incubit Ventures, Elbit Systems' deep-tech startup incubator, NewRocket develops advanced gel-fueled rocket engines that are powerful, controllable and environmentally friendly, meeting the strictest industry regulations.

The company's solutions are suited for satellites across all size categories and other in-space applications, enabling high energy orbital transfer and maneuvers. Its groundbreaking PowerGel-propellant offers green propulsion, without compromising on high performance and full active thrust control.

NewRocket recently won its first contracts with leading aerospace corporations and is currently executing projects that exceed $6 million. To expand its global reach, the company already secured $1 million, out of an ongoing funding round, from the UK based Consensus Business Group (CBG), led by prominent investor Vincent Tchenguiz. CBG has an investment portfolio of $ 600 million worldwide.