Canada Rocket Company
Developing sovereign Canadian launch vehicles powered by its in-house E-1 methalox engine: the R-1 light-lift pathfinder and the reusable R-2 medium-lift rocket targeting 6,500 kg to low Earth orbit.
Canadian innovation builds a brighter tomorrow.
About
Company site: canadarocketcompany.comDeveloping sovereign Canadian launch vehicles powered by its in-house E-1 methalox engine: the R-1 light-lift pathfinder and the reusable R-2 medium-lift rocket targeting 6,500 kg to low Earth orbit.
Selected by National Defence as a key partner under IDEaS Launch the North with an $8.3M Phase 1 grant (March 2026). canadarocketcompany.com
Emerged from stealth in January 2026 with a $6.2M seed round co-led by BDC and Garage Capital. spaceq.ca
Built a team recruited from SpaceX, Blue Origin, Rocket Lab, MDA and ArianeGroup, with an engine test facility in Etobicoke. spaceq.ca
Developing the E-1 methalox engine toward R-2, a reusable medium-lift vehicle rated at 6,500 kg to low Earth orbit. payloadspace.com
Funding & Investors
Announced rounds only, newest first. Undisclosed amounts are shown as undisclosed.
Seed
Jan 16, 2026
C$6.2Mspaceq.caInvestors: BDC Capital, Garage Capital, Ripple Ventures, Panache Ventures, Northside Ventures, Cold Capital
Government & Grants
Government support actually received. Unpublished amounts are left out.
DND IDEaS - Launch the North, Phase 1
People
Sourced from the company's own pages or announcements.
Hugh Kolias
CEO & Co-Founder
David Tenny
CTO & Co-Founder
Technology Focus
Company site: canadarocketcompany.comTerms the company uses about its own work.
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