Isar Aerospace has announced a €270 million Series D financing round alongside a new launch window for its Spectrum rocket, with operations from Andøya in Norway. The Munich-based launch company said the capital will support global expansion and serial production of the vehicle.
The round includes new investors Island Green Capital and Molten Ventures, together with existing backers including HV Capital, Lakestar, UVC Partners and KfW Capital. The company says the funding will be used to scale launch operations beyond Europe and increase manufacturing output for Spectrum.
The announcement comes as Isar Aerospace opens a launch window from 15 to 21 June for Spectrum, adding near-term operational significance to the financing. The company has also said it aims to expand its production capacity to as many as 40 rockets a year and develop additional launch infrastructure, including a site in Canada.