Aurora Avionics, a pioneering Scottish space firm, has secured an impressive £320,000 investment to develop cutting-edge space flight technology. Following last year’s funding from the European Space Agency, the company received the latest boost from Gabriel Investment Syndicate and Scottish Enterprise. This significant investment confirms the growing interest and potential in space exploration technology within Scotland.
As the space sector continues to boom, we are delighted to support Aurora Avionics to grow its headcount and accelerate the development of its revolutionary 'off the shelf' avionics system 🚀#Investment #Spacehttps://t.co/PIaNdBztYJ
— Scottish Enterprise (@scotent) May 27, 2024
Based at Edinburgh’s Royal Observatory, Aurora Avionics specializes in producing essential electrical systems for flight – the avionics. The co-founders, Oren Smith-Carpenter and Rowland Fraser, aim to propel the rocket development industry with a universal modular system, enhancing efficiency and reducing waste.
Industry Impact
Chief Executive Oren Smith-Carpenter emphasized the company’s goal to transform the wasteful process of rocket manufacturing.
“We aim to enable launch vehicle manufacturers to launch rockets promptly and inexpensively using our modular and reliable systems,” – Oren Smith-Carpenter, CEO.
Co-founder and Chief Technical Officer Rowland Fraser added,
“Our vision of a universal modular system will result in a step-change in development time, cost, and reliability. We will give manufacturers access to the best technology to power the next generation of space vehicles.”
Market Potential
The director of Gabriel Investment Syndicate, Gillian MacAulay, expressed enthusiasm about the investment, highlighting the dynamic growth potential of the market sector.
“With the advent of a UK Space Port, we see tremendous growth in this area and are pleased to support such a dynamic team with vast expertise.”
Aurora Avionics is on track to have a full prototype system ready for testing within the year, setting the stage for significant advancements in space flight technology.
We are one of the most active early stage angel syndicates in Scotland, leading first stage equity funding for entrepreneurs. Gabriel has a unique investment model and generally invests around £150k initially in portfolio companies, along with our partners at Scottish Enterprise. pic.twitter.com/rKh1fvmwB0
— Gabriel Investment Syndicate (@GabrielISLtd) March 6, 2024
One to watch… what are your thoughts?
Aurora Avionics is poised to make significant strides in the space technology sector with their innovative modular avionics systems. This investment marks a pivotal moment in their journey, promising advancements that could transform rocket manufacturing. What are your thoughts on Aurora Avionics’ vision and the future of space exploration? Share your comments below.
Image courtesy of Aurora Avionics.
