Startup · Israel
NewRocket
HQ Netanya, IsraelFounded 201411-50 employeesUpdated
Technion spin-off founded in 2014 to develop rocket engines and gel propulsion technology for space and aviation markets.
Funding2 rounds · $1.7M
- Equity raised
- $1.7M
- Latest
- $1.0MSeries A · Nov 30, 2020
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Nov 30, 2020 | Series A | $1.0M | — | — | — | Reported |
| Feb 1, 2014 | Seed | $700K | — | — | — | Reported |
- Series A$1.0MNov 30, 2020
- Seed$700KFeb 1, 2014
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Capabilities2
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Aircraft and aeronautics | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops rocket engines and gel propulsion for space and aviation markets; no defense use stated. | Reported |
| Space, launch and counterspace | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops rocket engines and gel propulsion for space and aviation markets; no defense use stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops rocket engines and gel propulsion for space and aviation markets; no defense use stated.—Reported
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops rocket engines and gel propulsion for space and aviation markets; no defense use stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People3
| Person | Role |
|---|---|
| Moti Elyashiv | Co Founder & Director |
| Zohar Schlagman | Co-Founder & Chief Technology Officer |
| Ilan Harel | Chief Executive Officer |
Sources4
Profile3
- 1
Supports Organization · description
“Founded in 2014, NewRocket is a Technion spin-off developing rocket engines for the space and aviation markets.”
- 2CompanyHome | FlashTrade
NewRocket · Supports Organization · website
“NewRocket’s thrusters and propellants are primarily intended for in-space propulsion systems that require precision maneuverability with powerful performance”
- 3
Supports Organization · name
“Zohar Schlagman, NewRocket Ltd”
Funding1
- 4DatabaseNewRocket company profile
Octen Business Search · Supports Funding round, Organization · country, Organization · employee range, Organization · hq city, Organization · linkedin url, Role
“funding round: Series A, 2020-11-30, USD 1,000,000”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.