Japanese space startup Astroscale has raised $ 109 million in new Series F round funding, bringing the company’s total funding to date to $ 300 million. The company specializes in orbital service technology and is designed to extend the life of existing satellites as a means of reducing the amount of debris present in orbital altitude operations and making the orbital business more sustainable.
Led by Japan’s THE FUND, this new funding, including the participation of investors such as Seraphim Space, will bring Astroscale’s total funding to $ 300 million. Shin Okada, CEO and founder of the startup, said in a press release that the new funding would help them scale and “dramatically accelerate.” [their] Ability to create orbital service routines by 2030. “
This year was a big year for Astroscale (Okada will be on stage TC Session: Space 2021 of the YearBy the way), the technology demonstration of the service end-of-service product was successful in August. The company is still planning the second part of its mission by the end of the year, and is also planning to demonstrate the Japan Aerospace Exploration Agency (JAXA) orbital debris removal in the mission set up early next year.
Astroscale last raised $ 51 million in October 2020In the same year that we acquired Effective Space Solutions, we are a company focused on the services of large geostationary satellites that provide some important communications infrastructure on Earth.
Astroscale raises $109M for its on-orbit services technology – TechCrunch Source link Astroscale raises $109M for its on-orbit services technology – TechCrunch