Kinéis Raises 100 Million Euros, Finances Nanosat Internet of Things Constellation

SAINT-AGNES, France (Kineis PR) — Kinéis has reached its capital-raising target of 100 million euros [$110.6 million]. CLS, CNES, Bpifrance via the fund for Industrial Project Companies (SPI), financed by the ‘Investments for the Future’ Programme and the European Investment Bank, Ifremer, Thales, CELAD, BNP Paribas Développement, HEMERIA and other industrial and financial partners are investing in and supporting Kinéis’ ambition to provide universal satellite connectivity.

25 nanosatellites will be added to complement the service which has been provided by the Argos system to scientific and environmental communities for more than 40 years. Kinéis will also develop its activity in the new markets opened up by the IoT.

(more…)

European Commission, EIB Group Invest EUR 200 Million in Space Sector

Artist’s view of the configuration of Ariane 6 using four boosters (A64) (Credit: ESA – D. Ducros)
  • EUR 100 million contingent loan for the new Ariane 6 launcher programme, a European Space Agency programme with ArianeGroup as Industrial lead contractor and design authority
  • First EUR 100 million venture capital programme under InnovFin to support innovation and growth of European smaller and medium-sized space technology companies

LUXEMBOURG (EIB PR) — The European Commission is partnering with the European Investment Bank Group, announcing EUR 200 million of investments into the EU space sector, supporting ground-breaking innovation in the industry. During the European Space Policy Conference  in Brussels, EIB Vice-President Ambroise Fayolle is signing an agreement with André-Hubert Roussel, CEO of ArianeGroup, confirming a EUR 100 million loan for the new Ariane 6 launcher programme.

(more…)

Avio Signs Contract for 10 Million Euros in Financing from European Investment Bank

ROME (Avio PR) — Avio S.p.A., Italian company leader in the space propulsion sector, informs that today it has signed the contract for the financing of additional Euro 10 Million with the European Investment Bank (EIB).

Such financing adds up to the first Euro 40 Million loan issued by the EIB to Avio S.p.A. in October 2017, with the same economic conditions.

Leveraging the above indicated financing, Avio S.p.A. intends to support the development of space propulsion technologies for the new Vega C and Ariane 6 launchers and expand the industrial capacity of the Colleferro plant in order to meet the production volumes expected for the coming years.

“We are pleased to continue our collaboration with the European Investment Bank – Giulio Ranzo, Avio CEO, stated. This agreement further reinforces our trust in the achievement of our medium and long term growth targets, ensuring additional financial soundness to our Company”.











ESA, EIB Cooperate on Increasing Investments in European Space Sector

PARIS — 10 July 2018 (ESA PR) — Today Ambroise Fayolle, Vice President of the European Investment Bank (EIB), welcomed Jan Wörner, Director General of ESA, to sign a Joint Statement on behalf of the two organisations.

The Joint Statement puts forth the intention of the two organisations to cooperate on supporting increased investment in the European space sector, thus helping create a level playing field for European companies to grow and become globally competitive. It also supports setting the foundations for Europe’s engagement in Space 4.0 and new space.

“I am very pleased to enhance a fruitful collaboration with ESA, raising awareness for investors, while improving access to finance for promoters in the space sector,” said the EIB Vice-President Ambroise Fayolle.

(more…)