NewRocket

Company Overview

Snapshot

Founded in March 2014 by Moti Elyashiv and Zohar Schlagman, NewRocket operates with 1–10 employees. The company has raised a total of $3.2M across three funding rounds from three investors. In December 2021, NewRocket secured funding from Incubit Ventures and Consensus Business Group (CBG).

Business overview

NewRocket develops proprietary gel technology to create stable, non-toxic engine propellants that combine the advantages of liquid and solid propellants. This technology is designed to improve rocket performance with powerful, controllable thrust, while adhering to strict industry regulations. The company serves the aviation, space, and power generation markets, operating within the Aerospace, Defense & HLS sector, with a focus on Space Tech and Climate Tech.

Strategic signal

NewRocket is positioning itself as a leader in environmentally friendly propulsion technology, as highlighted by its introduction of a new generation of space engines in October 2020 and subsequent investor interest in March 2022. This indicates a strategic focus on sustainable solutions within the aerospace industry, attracting capital and market attention for its innovative approach to rocket propulsion.

Company Intelligence Q&A

When was NewRocket founded?

NewRocket was founded in March 2014.

What is NewRocket's core technology?

NewRocket's core technology is a proprietary gel that enables stable, non-toxic, and environmentally friendly engine propellant, combining the benefits of liquid and solid propellants.

Which investors participated in NewRocket's December 2021 funding round?

In December 2021, NewRocket received funding from Incubit Ventures and Consensus Business Group (CBG).

What significant product announcement did NewRocket make in October 2020?

In October 2020, NewRocket introduced a new generation of space engines, highlighting its advancements in propulsion technology.