fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Japanese space startup ispace eyes lunar landing after raising $46m

Team AsiaTechDaily by Team AsiaTechDaily
05 August 2021
in Featured, Venture Capital
0
ispace
17
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Japanese space startup ispace inc is gearing up for a lunar landing after raising $46 million in Series C funding led by Japan-based venture capital investor Incubate Fund, according to an announcement.

The latest funding round, which was also participated by Innovation Engine, SBI Investment, Aizawa Investments Co, among others, brings ispace’s total funds raised to date to approximately $19.5 million.

The Tokyo-based startup has begun the assembly of its lunar lander flight model at an Ariane Group facility in Lampoldshausen, Germany in preparation for its lunar mission, which is scheduled for launch in the second half of this year.

In parallel, ispace will commence its full-fledged development of lunar landers for subsequent missions to establish a high-frequency delivery service to the Moon.

The fresh funding will be used towards ispace’s second lunar mission, which is planned to launch in 2023, as well as to increase the size of its lunar lander for its third mission, which is currently planned to launch in 2024.

The lander for the third mission is currently being developed in the United States.

“We are very grateful to our investors for supporting ispace to develop a high-frequency lunar transportation platform. We are also honored that our investors share our vision to develop a lunar ecosystem that contributes to a more sustainable world,” said ispace founder and CEO Takeshi Hakamada.

ispace has offices and over 150 staff in Japan, Europe, and the US. Aspiring to be a gateway for private sector companies to bring their business to the Moon, ispace has also launched a lunar data business concept to support companies with lunar market entry.

The company’s first lunar mission is planned for 2022 with a second mission planned for 2023. On its first mission, ispace’s lander will deliver payloads for the Mohammed bin Rashid Space Centre (MBRSC), The Japan Aerospace Exploration Agency (JAXA), and three companies that received awards as part of the Canadian Space Agency’s (CSA) Lunar Exploration Accelerator Program (LEAP) program.

Previous Post

Singapore based IPI celebrates a decade of supporting enterprises; CEO Wong Lup Wai shares stories of success

Next Post

SG proptech startup Ohmyhome to boost data-matching technology after raising $5m

Related Posts

edit post
ShopUp
E-commerce

ShopUp, Bangladesh’s B2B commerce platform, secures $30m in debt financing

February 2, 2023
edit post
WeMo
Featured

Urban mobility startup WeMo raises $15m from AppWorks to boost SE Asia expansion

February 1, 2023
edit post
Peris.ai
Cybersecurity

Indonesian cybersecurity startup Peris.ai scores funding to enhance platform

February 1, 2023
edit post
Qritive
Featured

Healthcare AI startup Qritive nets $7.5m to expand into new markets

January 31, 2023
edit post
Sea Ltd Shopee
E-commerce

Sea to create 2,000 jobs in Malaysia in expansion push

January 31, 2023
edit post
Kick Avenue
E-commerce

Indonesian sneaker marketplace Kick Avenue raises $2.9m funding

January 31, 2023
Next Post
edit post
Ohmyhome

SG proptech startup Ohmyhome to boost data-matching technology after raising $5m

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback