''With Orbex, we will have a rocket assembled in Scotland, launching from Scotland and likely transporting satellites built in Scotland into orbit.'
Key Information
Key Mission
Harnessing Innovation
Amount Invested
£28.3m
Location
Forres and Sutherland
Key Quotes
Chris Larmour, Chief Executive Officer at Orbex said:
“While all eyes are on our first launch, our focus is on going beyond that and building a successful and sustainable space launch business which will be here for the long term.
“This round of funding allows us to maintain that long-term focus. Despite it being a challenging landscape for raising capital, we have managed to attract new investors, as well as bring along many of our existing investors into this new round.
“They have all seen the rapid progress we have made, the innovations that we have delivered in a relatively short space of time and they understand that there is something special happening at this company.”
Alignment to the United Nation's Sustainable Development Goals
All of the investments the Bank makes support the UN's Sustainable Development Goals. This investment supports the goals below:
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Goal 9
Industry, Innovation and Infrastructure
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Goal 12
