Gitai (GITAI USA Inc., based in Los Angeles, CA, and GITAI Japan, Inc., based in Tokyo), a Torrance, CA-based space robotics startup, raised additional US$15m in funding.
The round saw the participation from Green Co-Invest Investment Limited Partnership, Pacific Bays Fund 1 & 1A Investment Limited Partnerships (Pacific Bays Capital) and MSIVC 2021V Venture Capital Investment Limited Partnership (MITSUI SUMITOMO INSURANCE Venture Capital Co., Ltd.). Additionally, Gitai secured funds through a loan from MUFG Bank. Combined with the US$30m funding announced in May of this year, the total amount of the Series B Extension round is now US$45m.
The company intends to use the funds to achieve two variations of “Gitai Lunar Rover” and a Lunar Rover, for business expansion and a partial coverage of the lunar surface demonstration.
Gitai is a space robotics startup developing robots to help build and maintain satellites, space stations, lunar bases, and cities on Mars.
FinSMEs
29/08/2023