Expansion through partnerships Recent partnerships, such as with Xplore Inc., indicate a growth opportunity for spacecraft hosting services. Collaborating with commercial space companies can lead to increased sales of ion thruster propulsion systems.
Significant equity funding Raising $65.5M in equity funding reflects investor confidence in Accion Systems' technology. This financial backing offers the chance to scale up production and potentially increase sales volume.
Key personnel change The appointment of Peter Kant as Chief Executive Officer may bring strategic shifts that open new avenues for business development. A fresh leadership perspective could drive innovative sales strategies.
Industry consolidation Acquisition by Tracker Capital Management and subsequent financing suggest market consolidation and investor interest. Leveraging this backing can enhance brand visibility and attract more sales opportunities.
Emerging market technology Accion Systems' advanced ion electrospray propulsion presents a competitive edge in New Space technology. Highlighting the efficiency and innovation of the TILE engine can attract sales from companies seeking cutting-edge propulsion solutions.
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118K$1BAccion Systems uses 8 technology products and services including Xero, QuickBooks, AutoCad, and more. Explore Accion Systems's tech stack below.
| Accion Systems Email Formats | Percentage |
| FirstL@accion-systems.com | 47% |
| First@accion-systems.com | 4% |
| FirstLast@accion-systems.com | 2% |
| FirstL@accion-systems.com | 47% |
Defense and Space ManufacturingMassachusetts, United States11-50 Employees
Satellites have changed a lot in the last decade. Propulsion has too. At Accion, we reinvented propulsion for New Space, and created a more efficient ion thruster: the Tiled Ionic Liquid Electrospray (TILE) engine.
Company Overview
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Funding & FinancialsAccion Systems has raised a total of $5.7M of funding over 9 rounds. Their latest funding round was raised on Sep 27, 2024 in the amount of $5.7M.
Accion Systems's revenue is in the range of $10M
Funding & FinancialsAccion Systems has raised a total of $5.7M of funding over 9 rounds. Their latest funding round was raised on Sep 27, 2024 in the amount of $5.7M.
Accion Systems's revenue is in the range of $10M
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