Revolv Space, a space technology startup with operations in Italy and the Netherlands, has successfully secured an investment of €2.6 million. The funding round was led by Primo Ventures through the Primo Space fund, with additional support from Takeoff, the Aerospace and Advanced Hardware Accelerator of the CDP Venture Capital National Network.
This investment will support the company’s mission to improve small satellite performance through advanced mechanisms and high-performance power generation systems.
Founded by two Italian aerospace engineers, Revolv Space has quickly established itself in the space industry. Initially incubated at the European Space Agency’s (ESA) Business Incubation Centre in Noordwijk, the Netherlands, near the ESA’s ESTEC technical center, the company is now expanding its operations with a new office in Turin, Italy.
Turin is a significant hub in the global space sector, home to major players like Thales Alenia Space and Leonardo, and emerging companies such as Argotec and Tyvak International.
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In-orbit demo and production enhance
“This investment accompanies us into the next crucial phase of Revolv Space’s growth, with the in-orbit demonstration of the first SARA unit. Following a rigorous qualification campaign to ensure product reliability, this milestone confirms the quality of our design approach,” said Marco Sala, CEO and Co-Founder of Revolv Space.
The investment will enable Revolv Space to advance the development and deployment of SARA, the company’s autonomous, fail-safe solar array actuator designed to significantly enhance the performance of small satellites.
“The capital raised will also enhance our production capabilities to meet the needs of our satellite constellation clients, marking a fundamental step in our mission to push the boundaries of commercial space with innovative robotic and energy solutions,” Sala added.
Raffaele Mauro, Partner at Primo Space Fund, stated about the company: “Founded in 2022 by alumni of Politecnico di Milano and TU Delft, the company has demonstrated rapid growth and a clear strategic vision, aligning with Primo Ventures’ investment philosophy.”
Primo Ventures is Italy’s leading platform for high-potential technology investments. The company currently has €398 million in committed assets. Primo Space Fund is its fund dedicated to seed and early-stage companies developing space economy technologies.
Eugenia Forte, Director of Takeoff Accelerator, also expressed enthusiasm for supporting Revolv Space: “This investment will accelerate the development and production of cutting-edge systems, addressing the needs of a rapidly expanding market. We are proud to collaborate with such a dynamic and visionary team, which has the potential to redefine the standards of satellite technology.”
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A growing company
Since January of this year, Revolv Space has already hired five new employees of three different nationalities, highlighting the attractiveness of the Italian space ecosystem within the European context. The company plans to hire an additional four employees in the Turin area in the coming months.
At the core of the company are high-performance, but cost-effective, mechanisms and power systems for small satellite manufacturers. Their current product portfolio is focused on satellite platforms weighing less than 500 kg.
In a talk we had some months ago with Filippo Oggionni, Co-Founder & CCO of the company, he clearly explained the need for a startup like Revolv in the New Space Economy landscape: “When we founded Revolv, we observed a crucial imbalance. While payloads were advancing in terms of technology and miniaturization, small satellite architecture lagged behind. This imbalance led us to a mission – to empower small satellites, making them more performant and, in turn, fostering the financial sustainability of space companies.”
Their current offerings include actuators (SADA), solar panels, and deployment systems, with power ranges from 100 W to 3 kW. The company aims to cater to satellite integrators seeking to enhance their platforms beyond existing offerings.
Watch the full interview on our YouTube channel:
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