helicity space has raised $5 million in seed funding to accelerate the development of technology that will ultimately enable fast and efficient travel in deep space.
That technology is nuclear fusion propulsion, which has long been the realm of science fiction. The startup says it has discovered a way to use plasma jets in fusion reactions. The project is the brainchild of Setthivoine You, a plasma physicist and co-founder of Helicity. He and two other co-founders, CEO and former banker Stefan Lintner and former Boeing Rocketdyne executive Marta Calvo, officially founded the business in 2018.
Helicity spent several years in stealth, “dotting the i’s and crossing the t’s, thinking about what we could do,” Lintner explained in a recent interview. “Fusion is a tainted field and we first needed to be sure we could handle it before raising venture capital capital.”
The Pasadena-based company has successfully raised funding from a prominent group. Airbus Ventures is the venture capital arm of a major European aerospace company. TRE Advisor; Voyager Space Holdings, the company behind the Starlab commercial space station. European space company E2MC Space. Urania Ventures and Geingels.
Lintner said Helicity’s key differentiator is that it focuses squarely on fusion propulsion, rather than fusion for ground-based applications. “Everything we’re doing is moving the spacecraft forward, not generating sustainable grid power,” Eh explained. In some ways, the former problem is easier than the latter. Space is a great vacuum, and that’s exactly the environment that his jet of plasma needs.
“Our concept is first uniquely tailored to be useful in space,” he said. “over time […] Ours may also turn into a nuclear reactor on Earth, but by that time others will have worked it out. That’s not our main goal. ”
The startup’s technology is based on a method called magnetic-magnetic fusion, which compresses a stable plasma jet with a magnetic nozzle. The plasma is heated to hundreds of millions of degrees, causing a fusion reaction that pushes the spacecraft forward.
The startup plans to use the funding to manufacture a proof-of-concept fusion drive that will demonstrate basic technology on a small scale. On a longer-term scale, Helicity aims to fly a complete prototype in space within about 10 years.
Lintner was upfront about the fact that there is still a lot to de-risk and a lot to learn when it comes to the emerging market for Fusion Drive.
“Look, it’s still early days,” he said.
“As economies develop in space, our engines will become increasingly important. The final business model is still a little difficult to predict.”
Source: techcrunch.com
