California-based space startup Frontier Aerospace raises USD 10 million in Series A funding

California’s SIMI VALLEY, March 21, 2023 — Frontier Aerospace Corporation (“Frontier”), a pioneer in next-generation liquid rocket engines for in-space propulsion, said today that AEI HorizonX has contributed USD 10 million to its Series A fundraising round.

Frontier was established in 2014 to offer advanced space propulsion options. Frontier uses a tried-and-true fast development methodology to provide trustworthy, mission-optimized, and thoroughly tested designs at affordable prices.

According to Frontier President McKinnon, “this most recent fundraising round will finance significant production and vacuum test facility growth and expedite Frontier’s engine development initiatives. “The main factor affecting schedules in the past has by far been test facility availability. A contemporary test facility will be completely created with this additional investment for quick deployment supporting significant forthcoming development projects.”

The conclusion of Frontier’s first concept-to-flight thruster program is the company’s recent delivery of flight thrusters supporting the NASA Commercial Lunar Payload Services Program. For NASA and government primes, thruster research and testing are underway across a variety of thrust classes, for missions ranging from deep space exploration to commercial space and defense.

Brian Schettler, Partner and Head of AEI HorizonX, stated, “We are happy to help Frontier in its next stage of growth as it grows to satisfy the tremendous demand for cutting-edge propulsion systems from NASA, commercial aerospace, and defense firms. The Frontier team and AEI HorizonX are looking forward to working together to seize the new opportunities brought about by more incredible innovation and investment in the future space economy.

About Frontier Aerospace

Frontier offers propulsion technologies, from idea through product development and validation. Space transportation, lunar landers, deep space applications, missile defense, and earth observation satellites all require engines.

About AEI HorizonX

As Boeing’s corporate venture capital arm, AEI HorizonX was established in 2017. It is now run by AE Industrial Partners, a private equity company with $5 billion in AUM specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. Within its primary strategic areas of concentration, AEI HorizonX actively engages in venture capital, investing in more than 50 companies internationally and forming multiple connections and alliances with other players in the aerospace, technology, and investment ecosystems.

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