Helicity Space, a California-based startup, has raised $5 million in a seed funding round to develop fusion engines. The company is focused on developing a new type of propulsion system that could revolutionize space exploration.
The company was founded in 2018 by a team of engineers and scientists from the University of California, Berkeley, and the California Institute of Technology. The team is led by CEO and co-founder Dr. David Kirtley, who has a PhD in aerospace engineering and has worked on several space projects.
The company’s mission is to develop a new type of propulsion system that could revolutionize space exploration. The technology is based on the concept of “helicity,” which is the ability to generate thrust from a rotating magnetic field. This technology could be used to power spacecraft, satellites, and other space vehicles.
The company has already developed a prototype of its fusion engine, which is currently undergoing testing. The engine is designed to be more efficient and powerful than traditional rocket engines, and could potentially be used to power spacecraft to much greater speeds.
The company has also developed a new type of fuel cell that could be used to power the engine. This fuel cell is designed to be more efficient and cost-effective than traditional fuel cells.
The seed funding round was led by venture capital firm Andreessen Horowitz, with participation from other investors including Y Combinator, Founders Fund, and Lightspeed Venture Partners. The funding will be used to further develop the company’s technology and to expand its team.
The company is currently working on a number of projects, including a mission to the moon and a mission to Mars. The company is also working on a project to develop a new type of spacecraft that could be used to explore the outer reaches of the solar system.
Helicity Space is an exciting new company that is developing a revolutionary new type of propulsion system. The company’s technology could revolutionize space exploration and open up new possibilities for space travel. With the seed funding round, the company is well-positioned to continue its work and make a real impact on the future of space exploration.
