ODIN Space Ltd
odin-space.com
eis
Investment to date:
£354,433
Share price:
£0.0656

target amount:
£656,000
£82,000
Tab
here10EIS Only
Offer Information
Min Max
Investment Target £82,000 £656,000
Share Price £0.0656 £0.0656
Shares Offered info 1,250,000 10,000,000
Percentage Offered info 1.23% 9.09%
Shares Issued info 100,000,000
Pre-money Valuation £6,560,000
Share Type Ordinary
Minimum Investment £100.00
Tax Relief Available EIS Pending
Sector Other
Location London, United Kingdom
Company Number 12726004  
Pitch Launched On 07/01/2022
Pitch Closes On 07/06/2022
Accepted Payment Methods
Payment Methods
ODIN Space Ltd
Orbital debris collisions may be the single greatest risk to all space assets and are forecast to cost the sector £4.5 billion per year by 2030. ODIN Space aims to track and characterise debris with 1000x higher precision than current solutions.
About ODIN Space Ltd

Imagine driving down a road that has more broken cars, bikes and vans than functioning vehicles. This is the unfortunate scene all satellites are faced with today due to the growing amount of debris in orbit. The crucial difference is that most orbital debris is invisible, collisions are unavoidable and everything is travelling at 17,000 mph. 

Orbital debris tracking is a disruptive new sector with dramatic grow: we calculate that by 2030 over 625 satellites will be lost each year due to orbital debris collisions - leading to an annual loss of £4.5 billion. This does not include the billions of pounds lost in disruption to services on Earth that rely on satellite data. 

ODIN Space has the highest resolution sensors available with 1000x higher precision than competing technologies. Our risk management software will improve the safety and sustainability of all space assets at every point in their mission cycle. This represents a potential £1 billion annual revenue stream. 

We invite you to invest in ODIN Space and join us on our mission to protect the future of space for everyone.

 

 

Our Team

100+ years experience  |  30+ space missions  |  100% success rate

 

Our team of world experts have a proven track recorded working on numerous NASA and European Space Agency projects. See more in the Directors and Team tab above.

 

 

Our Mission

 

Deliver the most precise and reliable data on orbital debris via our state-of-the-art network of impact sensors on every satellite, on every orbit.

 

 

The Problem

 

Orbital debris collisions represent the single greatest risk to every space asset. The increasing number of satellites and subsequent orbital debris will render space unusable unless we act now.

Invisible

Debris smaller than 10 cm is invisible to current tracking technologies. A lack of data means the space industry is unable to react to the growing threat of small-scale debris.

Lethal

Orbital debris the size of a pea has the same energy as a bowling ball travelling at 300 mph. This can destroy a satellite instantly.

Expensive

We estimate that by 2030 over 625 satellites per year will be lost due to orbital debris collisions, totalling £4.5 billion in annual losses.

 

 

Our Solution

Track debris  |  Prevent collisions  |  Protect space assets 

 

Accurate and reliable orbital debris insights will enable space companies to mitigate the risks posed by orbital debris collisions during their design phase and while in-orbit. Our ODIN detectors will acquire and process orbital debris data, providing user-friendly risk management products and services described below. 

 

Pre-launch Risk Assessment 

Pre-launch risk assessment software that enables satellite designers to minimise the threat small-scale debris poses to their key systems.

In-orbit Risk Management

In-orbit risk management software that provides live updates on the orbital debris risk at any given time across every orbit.

Dash Cams

Sensors that provide an additional diagnostic tool for operators following a collision, both for operational purposes and insurance claims.

Collision Certification

An independent measure of risk that insurance companies, satellite operators and investors can use to assess the collision risk faced by a satellite.

 

 

 

Traction

 

We have highlighted our traction to date via a number of different advancements and achievements. 

 

Technology Advancements

ODIN sensors have been successfully fabricated, calibrated and tested in the laboratory. 

Accelerator Programmes

Completed the UK Space Agency LEO Accelerator Programme in collaboration with Entrepreneurial Spark.

Currently enrolled on the UK Space Agency GEO Accelerator Programme.

Letters of Interest

Letters of interest from customers in the insurance, satellite services and manufacturing industries.

Collaborations

Collaborations established with scientists and engineers at the Space Sciences Laboratory, UC Berkeley and the University of Kent.

 



 

Total Addressable Market

 

We have projected a total addressable market in excess of $1.15 billion annually by 2030. This is based on an approximate 50,000 satellites launched over the next 8 years and revenue generation from our products and services.

 

$1.15 Billion

 

On-Orbit Risk Management: $15k annually recurring subscription per satellite (up to 50k satellites in 2030).

Dash Cams: $16k Dash Cam pack per satellite for 10.5k new satellites launched in 2030.

Collision Certification: $2.5k fee per certified satellite (up to 50k satellites in 2030).

ODIN Detectors: $10k per detector for upto 10.5k new satellites launched in 2030.

 

 

Competitive Advantage

 

Our technology will be the only product available on the market that offers all of the following features:

  • High-resolution 0.01 cm tracking at every altitude.
  • Size, speed and trajectory measurements.
  • Real-time data acquisition.
  • Long-life, light-weight, low-volume instrumentation.



Raise & Use of Proceeds

£656,000 Max Raise  |  10% Equity  |  £0.0656 per Share 


We have opted to raise a portion of our funds early to deliver value and increase our technology readiness level as quickly as possible while minimising risk to investors.



12-Month Roadmap

 




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Offer Information
Min Max
Investment Target £82,000 £656,000
Share Price £0.0656 £0.0656
Shares Offered info 1,250,000 10,000,000
Percentage Offered info 1.23% 9.09%
Shares Issued info 100,000,000
Pre-money Valuation £6,560,000
Share Type Ordinary
Minimum Investment £100.00
Tax Relief Available EIS Pending
Sector Other
Location London, United Kingdom
Company Number 12726004  
Pitch Launched On 07/01/2022
Pitch Closes On 07/06/2022
Accepted Payment Methods
Payment Methods

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