Solid rocket fuel startup Adranos raises $1 million to scale up manufacturing – TechCrunch
Indiana-based rocket fuel startup Adranos has raised $1 million, after closing an oversubscribed spherical led by Archibald Cox Jr., chairman of personal funding agency Sextant Group. The funding shall be used to Adranos to construct out its manufacturing functionality, and to pursue further key hires to construct out its staff.
Adranos is constructing a brand new sort of strong rocket propellant known as ‘ALITEC,’ which the corporate says can each improve the general efficiency of a rocket vs. conventional strong fuels, and do away with harmful hydrochloric acid emissions that outcome from burning the strand present aluminum-based selection. ALITEC, which makes use of an aluminum-lithium alloy, was found by Adranos co-founder and CTO Brandon Terry throughout his Ph.D. work at Purdue University .
The goal markets for Adranos with ALITEC embody the protection business, the place it says its strong fuel can be utilized to each prolong the vary of missiles, and to allow the design and improvement of smaller missiles with equal energy and vary which can be cheaper to produce. The firm additionally believes its product may have comparable advantages for the house business, making it doable to launch greater payloads extra cost-effectively.
In addition to the funding, Adranos only in the near past employed on Stefan Coburn as VP of Business Development and Strategy. Coburn beforehand labored at Blue Origin in enterprise improvement and authorities gross sales, and joins Adranos to lead the businesses commercialization of ALITEC.
Adranos efficiently examined a prototype rocket powered by its ALITEC propellant final 12 months, and was awarded the winner of the first-ever xTechSearch competitors run by the U.S. Army.