Arkadia Space wins EIC Accelerator backing for green propulsion
Spanish space propulsion startup Arkadia Space has raised a total of €14.5 million in fresh funding, supported by the prestigious EIC Accelerator programme. The capital will be used to industrialise and commercialise the company’s non-toxic, green satellite fuel and propulsion systems aimed at the booming small-satellite market.
Funding structure and strategic goals
The €14.5 million package combines non-dilutive grants and equity support from the European Innovation Council with private investment from undisclosed deep-tech and aerospace backers. The round positions Arkadia Space as one of Europe’s most promising players in the transition away from traditional, highly toxic hydrazine-based propellants.
According to the company, the new funding will accelerate the move from successful lab and field tests to full-scale industrial production. Key priorities include qualifying propulsion units for in-orbit use, expanding manufacturing capacity, and building a commercial pipeline with satellite manufacturers and operators across Europe and beyond.
Why green satellite fuel matters
Conventional satellite propulsion has long relied on hazardous chemicals that pose risks to ground crews and carry heavy regulatory burdens. Green propellants promise simpler handling, lower launch costs, and a reduced environmental footprint, without sacrificing performance. For the fast-growing market of small satellites and NewSpace constellations, this shift is increasingly seen as a competitive necessity rather than a niche option.
Arkadia Space is developing propulsion systems that are compatible with existing satellite platforms while eliminating the need for complex safety infrastructure around toxic fuels. This could shorten integration timelines and make propulsion more accessible to smaller operators.
Europe’s strategic push in space tech
The backing from the EIC Accelerator underscores the European Union’s ambition to build sovereign capabilities in critical space technology. By supporting startups like Arkadia Space, Europe aims to reduce dependence on non-European suppliers, foster a more sustainable space industry, and capture value from the rapidly expanding global satellite services market.
With this new funding, Arkadia Space is expected to play a central role in setting European standards for safe, sustainable in-orbit propulsion over the coming decade.