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Astroscale, which tackles space debris and space waste problems, has raised about 12.4 billion yen in Series F and achieved a cumulative total of about 33.4 billion yen | Today Nation News

TechnologyAstroscale, which tackles space debris and space waste problems,...

Astroscale Holdings (Astroscale), which is working on in-orbit services including space debris removal service aiming for a sustainable space environment, will make a capital increase through a third-party allotment in the Series F round on November 25. Announced a fund raising of 12.4 billion yen. It is said to be the largest procurement amount ever. With this sixth round of funding, the cumulative amount raised has reached approximately 33.4 billion yen.

With the funds raised, we will advance the mission and services to be developed globally. It will enable global growth, including technological development related to safe and cost-effective orbital services, and expansion of its own facilities for mass production in Japan, the United Kingdom, and the United States.

Underwriters include THE FUND Investment Limited Partnership (THE FUND) in Japan, Growth Capital Investment Corporation in Japan, Seraphim Space Investment Trust (Seraphim) in the UK, and DNCA Investment Beyond Global under the umbrella of DNCA Finance in France.・ Overseas investor groups including leaders. Details are as follows (in alphabetical order).

  • DNCA Invest Beyound Global Leaders
  • EEI4 Innovation & Impact Investment Limited Partnership
  • THE FUND Investment Business Limited Liability Portfolio
  • AXA Life Insurance
  • 3 Funds Operated by Innovation Engine (IE Fast & Excellent Investment Limited Partnership, Innovation Engine New Space Investment Limited Partnership, Innovation Engine POC No. 2 Investment Limited Partnership)
  • Ops
  • Seraphim Space Investment Trust plc
  • Solaris ESG Master Fund LP
  • Chiba Dojo No. 2 Investment Business Limited Liability Portfolio
  • Japan Growth Capital Investment Corporation
  • Prelude Structured Alternatives Master Fund (LP)
  • Yamauchi-No.10 Family Office
  • Y’s Investment Pte. Ltd.

Astroscale is the world‘s first private company to develop a debris removal service to ensure safe navigation of spacecraft and to pass on a sustainable orbit to the next generation. As a measure to reduce and remove debris that has been increasing in orbit since its establishment in 2013, the EOL (End of Life) service that removes debris when the artificial satellite to be launched in the future reaches the end of its life or when it has a permanent failure, and the existing one. ADR (Active Debris Removal) service for removing debris, life extension measures for operating satellites (LEX. Life EXtension), understanding of space conditions in space (ISSA. In Situ Space Situational Awareness), realization of in-orbit services We have been developing technology with the aim of achieving this.

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In addition to technological development, we are working to establish business models and collaborate with multiple private companies, organizations, and government agencies to formulate standards and best practices in order to aim for a safe and sustainable space environment over the long term. ..

In August 2021, the company succeeded in recapturing simulated debris in the demonstration of the debris removal technology demonstration satellite “ELSA-d” (End-of-Life Services by Astroscale – demonstration). Currently, as the next phase scheduled to be implemented within 2021, preparations are underway for “automatic capture” using the autonomous control function of the capture machine (servicer).

In Japan, the commercial debris removal demonstration satellite “ADRAS-“, which has been selected as a contract partner for Phase I of the Japan Aerospace Exploration Agency (JAXA) commercial debris removal demonstration project (CRD2 project. CRD2 is an abbreviation for Commercial Removal of Debris Demonstration). Assembly work for “J” (Active Debris Removal by Astroscale-Japan) is scheduled to begin in the first half of 2022. In the UK, Astroscale has been selected for the removal research program of two orbiting satellites by the British Space Agency, and it is said that it is working to enhance the functions of the EOL service toward commercialization in 2024. In addition, the US-Israeli team has successfully achieved the LEXI development milestone and is conducting major tests.

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