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Astroscale, an orbital service that works to remove space debris, raises about 12.57 billion yen in Series F | Today Nation News

TechnologyAstroscale, an orbital service that works to remove space...

Astroscale, a Japanese space venture company, has raised $ 109 million in a new Series F round, with a cumulative total of $ 300 million raised. It reached 34.6 billion yen). Astroscale specializes in orbital service technology, reducing the amount of debris present at operational altitudes in orbit and extending the life of existing satellites as a means of making in-orbit business more sustainable. The purpose is.

With the participation of investors such as Seraphim Space, led by Japan‘s THE FUND, Astroscale has raised a total of $ 300 million in funding. In a press release, Astroscale founder and CEO Mitsunobu Okada said in a press release that the funding would dramatically expand the scale of the business and “the ability to routinely provide on-orbit services by 2030.” It will be possible to “accelerate to”.

2021 was a big year for Astroscale (by the way, Okada will be attending the main stage of TC Sessions: Space 2021 on December 15th). In August, the company successfully demonstrated the technology demonstration satellite “ELSA-d (End-of-Life Services by Astroscale – demonstration)”. A mission for the next phase is scheduled for the end of the year, and a mission for the Japan Aerospace Exploration Agency (JAXA) scheduled for early 2022 is also underway with plans to demonstrate in-orbit debris removal. ..

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Astroscale last raised $ 51 million in October 2020, when it focused on services for large geostationary satellites, the planet’s leading communications infrastructure. Acquired Space Solutions.

Related article: Astroscale raised about 5.4 billion yen and diversified operations such as extending the life of geostationary satellites and removing debris in orbit.

Image credit: Astroscale

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