Launched as “Venture Orbital Systems”, Reims-based space launcher Future Operator Credit Mutual Innovation, Expansion Ventures (Charles Begbeder’s Space Fund) and a fundraiser led by the French raised 10 million euros as part of a fundraising round. Tech Seed (BPFrance). The young company, founded in 2019, is taking advantage of this funding to change its identity and change its latitude name. With its space micro-launcher, it can hear ” Europe revolutionized new space to offer more affordable access to orbit “. UI Investissement, Comat, ADF Group and Nicomatic are also participating as minority shareholders in this first fundraiser.
The future Zéphyr launcher, a 17-meter high rocket designed by the Venture Orbital system, will be able to send several nano satellites into orbit. The first launch is scheduled for 2025, followed by a steady ramp-up to 2030 launches per year. ” The industry launched 500 nano-satellites last year in support of commercial ventures. These are basically startups who want to set up their own constellations. “, Note Stanislas Maximin, co-founder and president of Latitude. The global market also targets scientific organizations and defense-based organizations. The Zephyr launcher provides a payload capacity of 100 kilograms. ” In France, we are talking about nano satellites weighing less than 50 kilograms. In the United States, the limit is below ten kilograms.Stanislas Maximine explains.
3D printed engine
Established since its inception in Remus, Latitude wants to finalize its first tests there by 2024. The challenge is specifically to verify the design and manufacturing processes of the Navier engine, the first prototype of which was produced by a service provider in Luxembourg and delivered in June. 2022. ” The design of the Navier engine represents one of the main costs of a rocket at the same level as electronics. We are interested in reducing these costs and accelerating production. ”Stanislas Maximin believes. The motor is designed using 3D printing (selective laser melting) using Inknell 718 powder, a heat-resistant nickel alloy. ” It takes ten engines to make a rocket. Nine engines are located on the first floor and another, adapted, is located on the second floor. To make 50 rockets, we will need 500 engines in the first year. “The leader counts.
Latitude will assemble in the first phase of the rocket, in 2023, at its 3,100-square-meter workshop in Reims. The company then plans to move to a four-hectare high-capacity site where it will settle in 2025, without leaving Reims. We are trying to build our own ecosystem in Reims with the help of local authorities. “, Offers Stanislas Maximin. ” We are not at the center of the aeronautical industry. Reims is not Toulouse. Here, hundreds of our companies are not doing the same thing as us. As a result, we are more visible. Another advantage is that our stakeholders do not allow us to judge our project through past prisms. “She believes.
With its mini-rocket, Latitude will offer a space access price of 35,000 euros per kilogram. The first take-off will be from Scotland. ” We have signed a partnership agreement with SaxaVord to establish our first base on an island in the Shetland Islands. Stanislas declared Maximin. “The advantage is a very northern location that allows complete sea and air clearance. It is suitable for placing our nano satellites in polar orbit, the most requested by our customers. We are in talks with other bases, including CNES in French Guiana. ”.
Forecast revenue in 2030 stands at 300 million euros. This includes satellite launch as well as support including logistics services, legal aspects and insurance, ”he said. Normal service to make customers’ lives easier “ According to Stanislas Maximin. Latitude, which currently has 65 employees, wants to triple its workforce by 2025.