ThrustMe has acquired € ##500 million ( $ 2.8 m ) in funding from the European commission towards commercialising its electric propulsion system for small satellites . The French start - up was selected to receive the money through the Commission 's euro ##fighter research and innovation investment scheme . it is now setting up a pilot line for production of the propulsion system .
ThrustMe has acquired €2.4m ($2.8m) in funding from the European Commission towards commercialising its electric propulsion system for small satellites. The French start-up was selected to receive the money through the Commission's Horizon 2020 research and innovation investment scheme. ThrustMe is now setting up a pilot line for production of the propulsion systems.