Tag: GMV

PLD Space Adds GMV as Partner, Receives 6.7 Million Euro Investment

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 ARION 1 & 2 technology demonstration. (Credit; PLD Space)

ARION 1 & 2 technology demonstration. (Credit; PLD Space)

ELCHE, Spain, January 9, 2017 (PLD Space PR) — The International Tech Company GMV, with an important presence in the global space sector, has decided to trust in the PLD Space project and will take part in the ownership of the young space company as shareholder. GMV will also develop key technology and will work together with PLD Space in the development of the ARION 1 and ARION 2 launchers, an activity that will enable both companies to grow and position themselves strategically in the small space-launchers market.

The corporative endorsement of GMV enables PLD Space to raise a total investment of 6.7 million euros; between private investment through 2 Spanish investment vehicles and institutional funding coming from the contribution of Spanish government (CDTI and ENISA), public administrations (SUMA Teruel, IVF) and the European Commission (SME Phase1).

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