PAVE Space Secures $40 Million to Fast-Track Satellite Deployment

PAVE Space, creating the systems that make the in-space economy possible, led by Julie Böhning and Jérémy Marciacq, has raised $40 million in seed funding to develop a new generation of spacecraft designed to move satellites rapidly between orbits, led by Visionaries Club and Creandum, with participation from Lombard Odier Investment Managers, Atlantic Labs, Sistafund, b2venture, ACE Investment Partners, Ilavaska Vuillermoz Capital, and Pareto & Motier Ventures.

The company is creating a family of orbital transfer vehicles (OTVs) capable of moving satellites from low Earth orbit to higher-energy orbits, including geostationary and lunar destinations, in under 24 hours. This tackles a key bottleneck in the space economy, where conventional onboard propulsion can take months, delaying operations and raising costs.

PAVE’s flagship kickstage vehicle uses storable bipropellants to shorten mission timelines and cut costs, while a smaller mobile platform is in development for rapid, flexible satellite repositioning.

With orbital satellite numbers rising, demand for faster, more adaptable mobility is growing across commercial and institutional markets. PAVE aims to deliver a launcher-agnostic logistics layer compatible with multiple launch systems, supporting satellite operators, telecom providers, and defense organizations.

Julie Böhning, CEO and co-founder of PAVE Space, highlighted that the space economy is entering an industrial phase where in-orbit logistics will become as essential as terrestrial supply chains: “Our ambition is to build the infrastructure enabling industries to move, operate, and scale beyond Earth, while supporting Europe’s strategic autonomy in space.”

The company is gearing up for its first in-space demonstration mission and has secured early reservation agreements with satellite operators.

The new funding will accelerate development of orbital logistics platforms, support initial demonstration missions, expand the engineering team, and prepare for the first commercial deployments.