Boeing’s venture capital fund is leading a $3 million investment round for Accion Systems, a Boston-based startup whose electric propulsion system for satellites could get its next in-space test early as next month.
Joining Boeing HorizonX Ventures in the Series B round is GettyLab, a Bay Area venture fund focusing on innovations in science and technology.
Accion’s propulsion system is certainly innovative, and in line with the increased emphasis at Boeing and elsewhere on electric propulsion for space applications.
