The Rocket Racing League is takes the excitement of Indy Car Racing into the space age. Founded by Granger Whitelaw and Peter Diamandis,
Business Model:
Revenue: $30.7M
Employees: 51-200
Address: 405 Lexington Ave
City: New York
State: NY
Zip: 10174
Country: US
Rocket Racing is super cool. Think NASCAR, Indy Car or Formula One racing in the sky, using rocket-powered aircraft flown by Top Gun pilots and astronauts. It’s the closest thing to Star Wars Pod Racing here on Earth. For the thousands of fans on-site, as well as millions at home, the Rocket Racing League® will transform 21st Century racing as they know it. To be held at venues across the country, RRL will feature multiple rocket races, from closed circuit to drag-style racing, pitting 2 to 10 Rocket Racer® aircraft roaring head-to-head for victory. The closed circuit format is planned to be a 4-lap, multiple elimination heat on a 5-mile Formula One-style Raceway-In-The-Sky™. The drag style race will feature two Rocket Racers soaring in tandem just 20 feet apart. The future of RRL will include multiple airframes and propulsion systems to develop the X-Racers. Currently, RRL is using a Velocity airframe and a single-thrust liquid oxygen (LOX) and ethanol rocket engine developed by Armadillo Aerospace, led by John Carmack (Doom and Quake). Unlike a jet engine that burns oxygen from the atmosphere as its oxidizer, the X-Racer, flying at 300 mph, carries its own oxidizer in the form of liquid oxygen.
Contact Phone:
+16467894789
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 11/2005 | Series B | $5M | 1/2005 | Series A | $2.5M | 10/2008 | Series C | $7M | 7/2009 | Venture Round | 1 | $5.5M |
Augustus Ventures Limited Augustus Ventures Limited Augustus Ventures Limited Augustus Ventures Limited |
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