Ursa Major, a rocket propulsion company, has raised $138 million in its Series D and D-1 funding rounds. The investments were led by Explorer 1 Fund and Eclipse. The funding will be used to develop the company’s solid rocket motor program, Lynx, scale its production capacity and advance several other propulsion programs.
Lynx is a line of solid rocket motors that can deliver urgently needed capabilities for tactical applications. Ursa Major also recently introduced Draper, a storable liquid engine designed to defend against hypersonic weapons. The company’s propulsion systems work to fill a critical gap in the defense industrial base and provide vehicle-agnostic engines for various launch and hypersonic applications.
Ursa Major’s flexible rocket engines aim to offer its customers faster launch capabilities and cost savings compared to building engines in-house. Ursa Major aims to address America’s solid rocket motors shortage with a faster and more affordable manufacturing process by leveraging 3D printing technology.
