GATE Space Secures €6.3 Million from the European Commission
At SIROC, we like backing teams that tackle tough problems and actually get things done. That’s why we invested in GATE Space early on. We saw a group of smart engineers working on real solutions for space mobility. Today, we are incredibly proud to see them hit a monumental milestone on their journey.
GATE Space has secured €6.3 million in funding through the European Commission’s EIC Accelerator program.
The financing, consisting of a combination of research and development grants and equity investments from the European Investment Bank (EIB), is widely recognized as one of Europe's most competitive and rigorous technology funding instruments.
Out of a ton of applicants, GATE Space was the only one from the space, aerospace, or defense world to get picked this time.
Why This Matters
The EIC Accelerator is the flagship program of the European Innovation Council (EIC), targeting companies with validated technologies and exceptional scaling potential.
In previous rounds, only about 6% of applicants secured financing.
Passing this multi-stage selection process requires going through comprehensive technical, commercial, and financial due diligence, followed by a final investment pitch before an international jury of investors and technology experts.
For GATE Space, this funding is an extraordinary validation of their technology, team, and long-term vision. It provides the financial runway and institutional backing needed to accelerate the industrialization of their patented technology, expand production capacities in Europe, and aggressively scale their international market presence.
Building the Backbone of Space Mobility
As space becomes increasingly congested and vital to our daily infrastructure, moving safely and precisely in orbit is no longer optional. GATE Space develops mobility solutions for satellites that enable mission-critical capabilities like agile orbit transfers, collision avoidance, precision docking, and controlled deorbiting.
Beyond their propulsion technology, the team is also leading the development of BEACONSAT, Austria’s first military satellite, designed to detect and analyze jamming and spoofing attacks on critical systems such as GPS and Galileo.
Their progress is proof of what happens when engineering excellence meets rapid execution. The company already holds three patent families, operates one of Europe’s largest commercial testing and production infrastructures for satellite propulsion, and has secured four contracts with the European Space Agency (ESA).
Backing Real Infrastructure
At SIROC, we invest in foundations, not hype. When we backed GATE Space in their early stages, we saw a team that rejected the noise and focused entirely on building tangible, irreplaceable infrastructure for the next generation of space tech.
As they scale from a brilliant engineering startup into a leading provider of space mobility, this €6.3M injection from the European Commission is a massive win. Not just for GATE Space, but for the future of European sovereign space capabilities.
We are proud to have been there since the early days, and we can’t wait to see how fast they scale from here.