Pangea secures up to €2 million from Catalan government

Pangea Propulsion, based in Barcelona, Spain, has secured up to €2 million in financing from the Catalan government’s Department of Business and Labour, through Avançsa, to expand its manufacturing and testing capacity. The financing falls under the Innova Creixement programme, and €1 million will be made available during the project’s first phase.

Avançsa’s support is intended to help the company continue its industrial and technological growth plan until the end of 2027, with the aim of strengthening its industrial and technological capabilities in Barcelona and Alguaire.

“We are in a phase of strong growth, in which institutional support is key to consolidating this momentum,” stated Pangea Propulsion CEO, Adrià Argemí. “In this context, during the last year we have doubled our team, and this financing will allow us to expand our testing and manufacturing capabilities to accelerate the development of our products and further improve their efficiency.”

Pangea Propulsion develops reusable space propulsion technologies for launchers and satellites, with a focus on performance, cost reduction and the use of more sustainable propellants.

In recent years, the European space sector has experienced an accelerated transformation driven by the New Space model, based on highly innovative private companies that develop more agile, modular and scalable solutions. This model is creating new opportunities in areas such as telecommunications, Earth observation, defence, meteorology or real-time data management.

Pangea Propulsion states that it contributes to strengthening technological sovereignty in a sector considered critical for the competitiveness and security of the European continent. The initiative not only promotes the development of a strategic infrastructure in the aerospace field, but also positions Catalonia as a relevant actor within the European ecosystem.

www.pangeapropulsion.com