WEST LAFAYETTE, Ind. - Adranos Inc., the Indiana and Florida-based startup that manufactures next-generation solid rocket motors has announced a $20M Series A funding round with participation from Impala Asset Management LLC and several other entities, including Explorer1 Fund, Elevate Ventures, and Specific Impulse Capital. Impala Asset Management is an investment management firm that manages about $1.5B that invests in global cyclical equities. This round brings the total capital raised by the company to date to over $25M. Adranos manufactures solid rocket motor propulsion systems for hypersonic boosters, tactical missiles, space launch vehicles, and other platforms. The company’s motors feature its proprietary aluminum-lithium alloy fuel called ALITEC that significantly increases the range, payload performance, and speed of defense and space systems. Adranos completed its tactical motor test campaign at its 450-acre, coastal Mississippi facility. Acquired in late 2020, the Mississippi Rocket Complex in McHenry serves as Adranos’s primary manufacturing site with the capacity to mix, cast, and produce more than one thousand tactical missile-sized rocket motors per year. The site is also equipped with static test infrastructure, energetic storage facilities, and R&D labs. With the investment, Adranos will grow its teams in Indiana and Mississippi and ramp up its production capacity. Adranos will also design, test, and manufacture solid rocket propulsion systems for its customers in defense and commercial space. (Source: Adranos 04/25/22) PRESS: Adranos Closes $20 Million Series A Round - Media Post - Adranos, Inc. (WLOX 04/29/22) Adranos set to lift-off with rocket engine production in Stone County (wdam.com)
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