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Orbion Space Technology, a Houghton-based manufacturer of propulsion systems for small satellites, has raised $9.2 million in a Series A funding led by Boston-based Material Impact. Orbion was founded in 2016 and emerged from a group of more than 60 competing businesses to win a $500,000 grant from the Accelerate Michigan Innovation Competition in 2017.

This new round of funding will help Orbion grow to meet the swelling demand it sees from commercial industry, as well as government agencies, reports TechCrunch.

“Orbion’s thrusters are Hall-effect thrusters, which use an electric field to accelerate their propellant and create thrust,” writes TechCrunch’s Darrell Etherington. “Hall-effect thrusters are nothing new, but Orbion’s approach, which uses plasma propulsion, has not previously been available at a cost and volume affordable for smaller satellite operators.”

Additional investors include Invest Michigan, Invest Detroit, Wakestream Ventures, Ann Arbor SPARK and Boomerang Catapult.