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INNOSPACE logo — A space mobility innovator using hybrid rocket technology an...

INNOSPACE

A space mobility innovator using hybrid rocket technology and optimized smallsat launch solutions

Founded 2017 Korea South Korea South 69 employees Series B Total: $55.20B Space

General Information

Company Name INNOSPACE
Founded Year 2017
Location Korea South Korea South
Employees 69
Industries Space
Funding Stage Series B
Social

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About INNOSPACE

INNOSPACE is a South Korean space mobility innovator utilizing hybrid rocket technology to develop the world’s most efficient small satellite launcher. The company's HANBIT family of launch vehicles, including HANBIT-Nano, HANBIT-Micro, and HANBIT-Mini, leverage unique hybrid propulsion technology with a paraffin and liquid oxygen propellant combination. This proprietary technology enables cost innovation and reduces launch latency, positioning INNOSPACE as a significant player in the space launch market. Founded in 2017, INNOSPACE achieved a milestone in March 2023 by successfully launching a test launch vehicle (HANBIT-TLV) to verify the flight performance of the first stage 150 kN thrust hybrid rocket engine from the Alcantara Space Center in Brazil. With rapid advancements and successes, INNOSPACE aims to pioneer future innovations in the small satellite launch market, delivering low-cost, customized rapid launch solutions. The company recently secured a KRW20.00B Series B investment on 01 December 2022, led by Korean Investment Partners, underlining the confidence of investors in INNOSPACE's technology and market potential. With offices in South Korea, Brazil, and France, INNOSPACE is actively expanding global business opportunities in the aerospace industry.

Business keywords: Space mobility, Hybrid rocket technology, Smallsat launch solutions, Launch vehicles, Propulsion technology, Aerospace innovation, Rocket engine testing, Cost innovation, Launch latency reduction, Global expansion, Aerospace industry, Space technology, Satellite launch market, Rapid launch solutions, Space company

Funding Rounds & Investors (5)

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Funding Stage Amount Investors Lead Investors Date
Series B KRW20.00B 1
Korea Investment Partners
Korea Investment Partners
01 Dec 2022
Series B KRW25.00B 9
Company K Partners L&S Venture Capital FuturePlay
Company K Partners, L&S Venture Capital +7
01 Jul 2021
Series A KRW8.40B -
01 Nov 2020
Seed Round KRW1.50B -
01 Oct 2019
Seed Round KRW300.00M -
01 May 2019

Latest News

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Letara raises ¥2.6bn (roughly $16mn) for hybrid rocket engines the law does not call explosive — Thenextweb
Letara raises ¥2.6bn (roughly $16mn) for hybrid rocket engines the law does not call explosive
Thenextweb Aug 22, 2026

INNOSPACE Alternatives & Competitors

View All Alternatives
INNOSPACE vs
HyImpulse
HyImpulse Germany

Developing a small launcher using disruptive technologies to provide low-cost smallsat launch opport...

Series A
99 employees
Manufacturing, Space
Compare INNOSPACE vs HyImpulse
INNOSPACE vs
ABL Space Systems
ABL Space Systems United States

We build rockets to launch small satellites.

Debt Financing
56 employees
Information Technology, Space
Compare INNOSPACE vs ABL Space Systems
INNOSPACE vs
Argo Navis Aerospace
Argo Navis Aerospace New Zealand

Innovation In Space: Argo Navis Aerospace is a commercial supplier of upper stage rocket engines.

Pre-Seed
2 employees
Space
View all alternatives

FAQ About INNOSPACE

A space mobility innovator using hybrid rocket technology and optimized smallsat launch solutions
INNOSPACE was founded in 2017.
INNOSPACE is headquartered in Korea South.
INNOSPACE operates in Space. Its work centres on Space mobility, Hybrid rocket technology, Smallsat launch solutions and Launch vehicles.
INNOSPACE has approximately 69 employees.
INNOSPACE has completed 5 funding rounds, raising a total of $55.20B. The latest funding stage is Series B.
Top alternatives and competitors to INNOSPACE include HyImpulse, ABL Space Systems, Argo Navis Aerospace, Launcher, Parabilis Space Technologies, Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
INNOSPACE and HyImpulse are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for INNOSPACE, https://bouncewatch.com/company/innospace, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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