Pangea Propulsion

HardwareBarcelona, Spain and Toulouse, FranceFounded 2018· One of 1734 Hardware companies tracked by AMPulse

Advanced propulsion systems and 3D-printed aerospike engines designed for aerospace applications.

CEO / Founder: Adrià Argemí
Team Size: 51-200
Stage: Active
Total Funding: $33.5M
Latest Round: Series A
Key Investors: Hyperion Fund, Primo Space Fund, CDTI INNVIERTE, André-Hubert Roussel

Technology & Products

Key Products

Advanced propulsion systems, 3D-printed aerospike engines, and reusable propulsion solutions for aerospace applications.

Technological Advantage

Combines advanced additive manufacturing, proprietary material science, and innovative engine design to lower production costs and improve performance.

Differentiation

Value Proposition

Offers efficient, reusable propulsion solutions with reduced launch costs via cutting-edge additive manufacturing techniques and proprietary materials.

How They Differentiate

Distinct focus on propulsion system innovation with aerospike engine technology rather than full launch vehicle production.

Market & Competition

Target Customers

Private space companies and governmental space institutions

Industry Verticals

Aerospace, Space launch, In-orbit applications

Competitors

Isar Aerospace; Rocket Factory Augsburg (RFA); PLD Space

Growth & Milestones

Growth Metrics

Plans to double workforce and revenue by 2025 with a pipeline opportunity of approximately €120 million.

Major Milestones

Successful hot-fire test of the world's first aerospike methalox engine in 2021

Notable Customers

European Space Agency (ESA)

https://www.pangeapropulsion.com

Funding rounds

Series A€23.0M2025-03Lead: Hyperion Fund · Source: European Spaceflight, Aerospace Valley, SpaceNews, Primo Capital
Seed€3.0M2021-05Lead: Inveready · Source: Webcapitalriesgo, Nordic 9, Startups Real
Seed€1.0M2020-01Source: Lean SpaceTech
Grant€71K2018-09Source: Lean SpaceTech

Why this company matters

AMPulse analysis, not a company disclosure

Pangea Aerospace, founded in 2018 and headquartered in Barcelona with an office in Toulouse, focuses on advanced propulsion systems rather than full launch vehicles. The company targets the growing demand for efficient, reusable rocket engines, differentiating itself from European competitors like Isar Aerospace and Rocket Factory Augsburg by specializing in aerospike engine technology.

The core technology is a 3D-printed aerospike engine that uses metal additive manufacturing with proprietary copper-alloy materials. This design aims to improve thermal and mechanical performance while lowering production costs through fewer parts and reduced assembly complexity. In 2021, Pangea completed a hot-fire test of what it describes as the world's first aerospike methalox engine.

Pangea serves private space companies and government institutions, with the European Space Agency (ESA) as a named customer and partner. The company also collaborates with Aenium Engineering on additive manufacturing. Its propulsion systems target space launch and in-orbit applications, with a reported pipeline opportunity of approximately €120 million.

The company has raised €31 million from investors including Hyperion Fund, Primo Space Fund, CDTI INNVIERTE, and former Airbus CEO André-Hubert Roussel. CEO Adrià Argemí, previously at Airbus, leads a team of 11-50 employees. Pangea plans to double its workforce and revenue by 2025, though scaling production of complex copper-alloy LPBF parts for flight-ready engines remains a key engineering challenge.