A Swiss startup has just raised a $40m Seed to develop a new generation of spacecraft! @PAVESpace is developing spacecraft capable of moving satellites between orbits in under 24 hours. Today satellites take 6-12 months to reach their target orbit using onboard propulsion. PAVE is building orbital transfer vehicles (OTVs) that can move satellites from low Earth orbit to their final operational orbit in less than 24 hours. And today it has announced raising a $40m seed led by @VisionariesVC (Marton Sarkadi Nagy) and @creandum. The company also recently opened a dedicated propulsion test facility where PAVE will conduct its first rocket engine firings later this year, and in October the company will have its first in-space demonstration mission! LETS GO - Swiss tech is flying right now, and it's amazing to see European investors betting big on space tech.