Manufacturing Tecnology — adranos

Solid rocket fuel startup Adranos raises $1 million to scale up manufacturing Indiana-based rocket fuel startup Adranos has raised $1 million, after closing an oversubscribed round led by Archibald Cox Jr., chairman of private investment firm Sextant Group. The funding will be used by Adranos to build out its manufacturing capability, and to pursue additional key hires to build out its team. Adranos is building a new kind of solid rocket propellant called “ALITEC,” which the company says can both increase the overall performance of a rocket versus traditional solid fuels, and get rid of dangerous hydrochloric acid emissions that result from...