About Argo Navis Aerospace
Argo Navis Aerospace is an aviation and aerospace company that develops innovative chemical propulsion systems for the space industry. Its specialties include chemical propulsion systems, guidance, navigation and control, embedded systems and software, electro-mechanical systems as well as modeling and simulation. The company was founded in 2019 and is based in Auckland, New Zealand.
Expert Collections containing Argo Navis Aerospace
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Argo Navis Aerospace is included in 1 Expert Collection, including Aerospace & Space Tech.
Aerospace & Space Tech
Latest Argo Navis Aerospace News
Mar 7, 2023
March 3, 2023 WNT Update Argo Navis Aerospace poised to propel rocket engines into US, UK, Europe with latest $1 million cap raise. AUCKLAND. 27th February 2023 — Argo Navis, the aerospace company about to deliver custom upper stage rocket engines to launch providers, announced today the initial close of their convertible note round. The oversubscribed NZ$1.075 million round was led by WNT Ventures with participation from Alt Ventures and the wider WNT Investor Group. Argo Navis has developed a next generation rocket propulsion system, which enables the rapid development and launching of vehicles. Their engines are highly scalable, reliable, and efficient. “It was a straight-forward decision by our investment committee to invest into Argo Navis at the beginning,” said Carl Jones, Managing Partner at WNT Ventures. “Malcolm is an innovator and problem solver, he has a distinguished career as a rocket engineer having previously been key to developing technology for a successful well-known rocket launch provider operating out of Aotearoa. It was the natural next step for him to found his own company with this new innovation.” WNT Ventures partnered with the company in 2020 and provided NZ$1 million of capital in a pre-seed round. Powering Launch Providers Argo Navis CEO and founder, Dr Malcolm Snowdon has recently returned from meeting prospective customers in person in the US, Canada, UK, and Europe. “Launch providers are very interested in the Argo Navis propulsion system, but they need to see it to believe it,” said Dr. Malcolm Snowdon. “Our first sub-orbital demonstration flight has got the green light which means we will be proving out the technology in flight and will continue to showcase the propulsion system in operation through the launch programme.” The Argo Navis 5kN engine completed ground testing in early 2022, and a successful 4 second in-flight burn on the K-200 test vehicle occurred earlier this month. To find out more about this launch and future launches follow the company on Linkedin. Early Investment Opportunity The investment opportunity into Argo Navis Aerospace is still open for a short time to qualified investors. Reach out to WNT Ventures for more information.
Argo Navis Aerospace Frequently Asked Questions (FAQ)
When was Argo Navis Aerospace founded?
Argo Navis Aerospace was founded in 2019.
Where is Argo Navis Aerospace's headquarters?
Argo Navis Aerospace's headquarters is located at 27 Falcon Street, Auckland.
What is Argo Navis Aerospace's latest funding round?
Argo Navis Aerospace's latest funding round is Convertible Note.
How much did Argo Navis Aerospace raise?
Argo Navis Aerospace raised a total of $1.34M.
Who are the investors of Argo Navis Aerospace?
Investors of Argo Navis Aerospace include WNT Ventures, Alt Ventures and Callaghan Innovation.
Who are Argo Navis Aerospace's competitors?
Competitors of Argo Navis Aerospace include Aurora and 4 more.
Compare Argo Navis Aerospace to Competitors
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