Startups  /  Destinus

Destinus

Destinus’ vision is a world where distance doesn’t exist. The mission is to build near-space vehicles and infrastructure to power the world’s fastest and cleanest transportation network.
Funding round: Seed+
Contents:

Summary

What they do
Developer of near-space vehicles and the infrastructure to power the transportation network
Founders
Mikhail Kokorich
Industries
Aerospace, Air Transportation, Logistics
Headquarters
Payerne, Fribourg, Switzerland (Schweiz)
Employees
51-100
Founders
Mikhail Kokorich
CEO
Mikhail Kokorich
Notable investors
One Way Ventures, ACE & Company, Cathexis Ventures, Conny & Co, Infinitas Capital, Korify Capital AG, Liquid 2 Ventures, Quiet Capital, TechU Ventures, Quiet Capital
Total funding amount
$29M

About

Sometimes receiving a shipment quickly can be a matter of life or death. Destinus works with existing shipping providers to offer hyper express delivery service when a client needs it most at a comparable price to traditional air cargo transport.

In the long run, Destinus could begin offering cargo services, operating a park of small vehicles suitable to carry the order of a ton anywhere in the world. The company’s hyper express delivery service is a whole new class of delivery that can move objects from any major metropolitan airport to another in under 2 hours.

In the future, the company also intends to use its technology to build passenger vehicles that can transport tens to hundreds of people, for example, from Europe to Australia in an hour and a half.

Destinus is headquartered in Canton Vaud, Switzerland, and has offices and facilities in Munich, Madrid, and Toulouse. The company has a team of more than 50 motivated and qualified engineers and managers from Arianespace, Boeing, Airbus, ESA, DLR, Dassault Aviation, Rolls-Royse, Safran, and other aerospace companies. Destinus’ chairman of the Advisory Board is the former minister of Economics and Technology and the vice-chancellor of Germany.

Key advantages

Destinus is developing a breakthrough technology that has no analogues on the market. Vehicles developed by the company not only significantly reduce cargo delivery time, lowering carriers’ costs, but also do it with zero environmental footprints. The latter is especially relevant nowadays, as traditional air transport makes up 14% of global annual carbon emissions.

Product

Ultra-fast freight is powered by the hyperplane — the first-of-its-kind hybrid between an airplane and a rocket that travels to near-space heights at 15 times the speed of sound. It will take off and land horizontally from airports using a hydrogen-fed airbreathing jet engine integrating seamlessly with other planes when it passes controlled airspace. Once a certain altitude and speed are reached, the hyperplane will switch to a cryogenic hydrogen rocket engine that will accelerate the aircraft to hypersonic velocity.

Most importantly, the hyperplane under development will use liquid hydrogen to fuel its engines. That gives the great opportunity to fly fast and at the same time be carbon neutral. The only emission of such engines is water.

Significant progress is already made — the company has designed and filed patents for the unique subsystems, such as a hydrogen active cooling system, enabling a highly reusable hyperplane to fly at almost the speed of a rocket.

The Destinus team proved their idea by developing and manufacturing two prototypes - the Jungfrau and Eiger that conducted flights at an airport near Munich.

Market

The company is operating in a huge and growing market. Although land and ship cargo transportation remain favourable options, goods transport by air is considered the quickest and the unhindered mode of transportation. The global air freight market reached US$ 270.3 billion in 2021. Looking forward, the market is projected to reach a value of $390.7B by 2027, exhibiting a CAGR of 6% during 2022-2027.

The air freight industry is moderately fragmented. The industry is dominated by some of the major players operating in multiple regions across the world. The growing demand for air freight transportation services has posed new challenges to air cargo service providers. Airlines need to focus on implementing fuel-efficient solutions and accommodating innovative technologies to provide cost-effective services.

Destinus sees a huge potential in cooperation with existing market participants – air carriers, express delivery companies, e-commerce and logistic operators. The company aims to provide solutions for ultra-fast freight that can reduce express delivery times anywhere globally from the current 48-72 hours to 6-12 hours or less.

Team

Mikhail Kokorich
LinkedIn
Mikhail Kokorich
CEO/CTO
Serial entrepreneur, and founder of Momentus – a US private company providing a shuttle service for satellites. Attended Standford University.
Serial entrepreneur, and founder of Momentus – a US private company providing a shuttle service for satellites. Attended Standford University.
Alex Wicks
LinkedIn
Alex Wicks
VP, System Engineering and Business Ops
Ex-Chief Development Officer at Momentus. Was previously employed by UrtheCast as Senior Systems Engineer.
Ex-Chief Development Officer at Momentus. Was previously employed by UrtheCast as Senior Systems Engineer.
Philipp Bauer
LinkedIn
Philipp Bauer
VP, Propulsion and Business Ops
Previously worked at ArianeGroup as Senior Manager of Advanced Programs, where leads the development of advanced concepts for space transportation and orbital activities along agile paradigms.
Previously worked at ArianeGroup as Senior Manager of Advanced Programs, where leads the development of advanced concepts for space transportation and orbital activities along agile paradigms.
Alexey Konovalov
LinkedIn
Alexey Konovalov
Chief Engineer, Mechanical and Structure Engineering
Ex-Principal Stress Engineer at Boeing. Alexey is also working for Bauman Moscow State Technical University as PhD researcher. The field of study is the nonlinear mechanics of composite material.
Ex-Principal Stress Engineer at Boeing. Alexey is also working for Bauman Moscow State Technical University as PhD researcher. The field of study is the nonlinear mechanics of composite material.
Tim Moser
LinkedIn
Tim Moser
Chief Engineer, Aeroengines and Test
An engineering professional and serial entrepreneur with an in-depth understanding of aerospace and mechatronics development. Lead Engineer Vehicle Systems at Electra.aero, previously, he was Chief Engineer at Aurora Swiss Aerospace.
An engineering professional and serial entrepreneur with an in-depth understanding of aerospace and mechatronics development. Lead Engineer Vehicle Systems at Electra.aero, previously, he was Chief Engineer at Aurora Swiss Aerospace.
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