Astroscale, a Tokyo, Japan-based company which specializes in satellite servicing and long-term sustainability across orbits, raised over USD$76M in Series G funding.
The round, which increased the total amount raised to more than $376M, was led by Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corporation, Development Bank of Japan, and FEL Corporation.
The company intends to use the funds to further technology development, global expansion and increased capacity to meet the demand.
Founded in 2013 and led by Nobu Okada, Founder & CEO, Astroscale is developing scalable solutions across the spectrum of on-orbit servicing, including life extension, in situ space situational awareness, end-of-life, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debris in space. The company is also defining business cases and working with government and commercial stakeholders to develop norms, regulations, and incentives for the responsible use of space.
Headquartered in Japan, Astroscale has an international presence with subsidiaries in the United Kingdom, the United States, and Israel.
FinSMEs
27/02/2023