InfraOrbitThe capital behind space.
Government finance · 10 Dec 2025

EIB €20m venture debt to ECAPS

Rocket engines and propulsion for space, including dual-use technologies; test facilities and prototypes

Key terms

Borrower or issuer
ECAPS
Date
10 Dec 2025
Type
Government finance
Amount
€20m (US$23m)

Recorded terms

Structure
Venture debt under TechEU, backed by an InvestEU guarantee
Lenders and arrangers
European Investment Bank
Country
Sweden

Parties

Similar financings

DateFinancingTypeAmount
25 Feb 2026EIB €25m venture debt to OQ TechnologyGovernment finance€25m
23 Sep 2025EIB €37.5m venture loan to AerospacelabGovernment finance€37.5m
7 Apr 2026EIB €30m venture loan to PLD SpaceGovernment finance€30m
23 Dec 2024EIB €150m loans to SES (2024)Government finance€150m
16 Dec 2024IRIS² concession contract (SpaceRISE)Government finance€10.6bn

Sources

  1. Swedish pioneer ECAPS gets EIB financing for space and defence technologies eib.org · 10 Dec 2025

About this record

Record ORB-2025-0020, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.

Read the structure

Government and EU money comes as loans, guarantees or grants tied to a policy aim, with conditions on use of proceeds and reporting.

Randeep Bubbra
InfraOrbit Weekly

The week in space finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing satellite operators, launch and space infrastructure. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.

Newsletters

Weekly, one email. Work email only. Unsubscribe any time. Privacy.