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Daily Markup #972: Aliena lands US$5.6M to boost satellite propulsion engine production and upgrade testing facility to serve more people globally

April 23, 2024 · 1 min read
Photo credit: Aliena

Propelling forward

  • From satellites for telecommunication to deep-stage missions, 500-backed spacetech company Aliena is ready to serve customers and applications across spaces.
  • The team raised US$5.6 million Series A to relocate and upgrade their facility for jet propulsion testing, boost engine production, as well as accelerate its reach in global markets.
  • Co-founder & CEO Mark Lim shared that they are currently serving customers from the UK and the European Union.
  • Back on their homebase in Singapore, they have been appointed to help build a very-low-Earth orbit (VLEO) satellite. The team will custom-build a version of their off-the-shelf system to be provided for the country’s remote sensing VLEO satellite, which is expected to be operational in 2025.
  • Aside from providing full systems and R&D services, Aliena also offers space engine components, which clients can integrate into their own products.
  • Congratulations to the Aliena team!
  • Read the full story on Tech in Asia.
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