Firehawk Aerospace extends seed funding to $2.5 million with $1.2 million from Harlow Capital
The startup’s Chief Scientist Ron Jones was able to get around these limitations with 2 brand-new techniques: Using a fuel with a hard polymer structure and producing it utilizing additive manufacturing instead of casting through molds with a liquid that solidifies.
Rocket fuel technology start-up Firehawk Aerospace has actually added $1.2 million to its existing seed financing, bringing the full quantity purchased the round to $2.5 million. The brand-new tranche comes from Harlow Capital Management, a Dallas-based company run by Colby Harlow, who will sign up with Firehawk’s board of directors as part of the deal.
Firewhawk, which was a finalist in our first-ever all-virtual Startup Battlefield at TC Disrupt last September, has actually developed a brand-new type of hybrid rocket fuel that greatly improves rocket launch transportation, expense and safety utilizing additive production (generally, the full-grown variation of 3D printing). Hybrid rocket fuel (which integrates elements of both strong and liquid propellants used formerly) isn’t new, however past innovation has actually been not able to contend on cost and effectiveness relative to existing nonhybrid alternatives.
Firehawk now intends to utilize its seed moneying to check its innovation in operational conditions and at the kind of scale needed for commercialization, and to construct out its partnerships and customer list. The start-up likewise plans to grow its R&D and manufacturing operations in both Texas and Oklahoma.