ENPULSION, an Austrian manufacturer of electric spacecraft propulsion systems, has announced the acquisition of 100% of the share capital of UK-based Lift Me Off (LMO), combining forces to create what the company describes as a comprehensive spacecraft mobility platform.
The Vienna-based deeptech firm simultaneously closed a €22.5 million growth funding round led by Nordwind Growth, marking a significant expansion of its capabilities beyond electric propulsion into the chemical propulsion and tank systems domain that LMO specializes in.
Founded in 2016, ENPULSION has established itself as a provider of electric propulsion solutions for spacecraft. The acquisition of Lift Me Off represents a strategic pivot toward offering customers an integrated set of mobility technologies rather than a single propulsion type.
Complementary Technologies Create Full-Stack Offering
The combination addresses a clear market need for spacecraft operators who require diverse propulsion options depending on mission parameters. While ENPULSION brings established expertise in electric propulsion systems, Lift Me Off contributes institutional knowledge in chemical propulsion technology and tank design—capabilities that have historically required customers to source from multiple vendors.
Dr. Alexander Reissner, ENPULSION’s leadership, outlined the strategic rationale: “This acquisition signals our commitment to building the complete spacecraft mobility backbone. LMO brings institutional design credentials, a talented team, and a complementary technology base in chemical propulsion and tank systems.”
Capital Deployment and Market Expansion
The €22.5 million in fresh capital will support three primary objectives for the combined entity: scaling production capacity to meet growing demand, advancing next-generation space mobility systems, and deepening market penetration in the United States—a crucial geography for space technology companies seeking commercial and government contracts.
ENPULSION’s decision to pursue both growth funding and an acquisition simultaneously suggests confidence in market conditions for space propulsion providers. The space sector has seen increased investment momentum as commercial space activities expand and satellite constellation operators seek reliable propulsion solutions.
European Deeptech Consolidation
The move reflects broader trends within the European deeptech ecosystem, where specialized technology companies are consolidating to create more comprehensive solutions and compete more effectively against larger international competitors. Rather than remaining focused on narrow niches, companies like ENPULSION are building vertically integrated platforms that address multiple customer needs.
For ENPULSION, the acquisition and funding milestone position the company as a more substantial player in the competitive space propulsion market. The company’s Austrian base provides access to the broader Central European technology talent pool while its newly enhanced capabilities target a global market increasingly dependent on reliable space mobility solutions for commercial, scientific, and governmental missions.