Greek space company closes funding round and opens engineering hub in Athens
Published
Eos Space Technology, a start-up active in the space sector, announced that it has closed a funding round. According to the published information, the company will use the funds to develop its technology.
Eos Space Technology develops electric propulsion systems for satellites. Propulsion is the system that allows a satellite to move, change orbit and maintain its position in space. This particular technology operates without corrosion effects, which may be important for the lifespan and operation of satellites.
At the same time, the company is opening a new base in Athens, an engineering hub for the development of hardware. With this move, Eos Space Technology is turning to the Greek talent pool and to engineers who specialise in the design and manufacture of technological equipment.
The investment and the creation of the centre in Athens show that the Greek market for space technologies and start-up companies is gaining increasing importance. The company's next steps will become clear as the implementation of its plans progresses.
Sources: STARTUPPER
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