Business · Companies · 8 hrs ago

Turin satellite startup Revolv Space raises €5 million

Turin satellite startup Revolv Space raises €5 million

Turin-based startup Revolv Space raised €5 million in a Series A funding round.

Deep Ocean Capital led the investment, while CDP Venture Capital, Primo Capital and Sole Ventures also took part.

The company makes components for satellites.

It plans to use the money to industrialise production of satellite components.

It will also develop a new line of solar panels.

The funding is intended to help Revolv Space move toward making its products at a larger scale.

The announcement does not give a timetable for the production plans.

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