Astroscale Holdings has closed a Series G round with more than $76m in funding from new investors Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corporation, Development Bank of Japan, and FEL Corporation.
With the closing of this round, Astroscale has raised a total of approximately $376m since its establishment, demonstrating investor confidence in its stability and success in the on-orbit services sector.
Nobu Okada, Founder & CEO of Astroscale, said: “We are pleased with the interest we received from our investors, which conveys a vote of confidence in Astroscale’s vision and potential. On-orbit servicing is a necessary infrastructure for a sustainable and growing space economy, and the key to reducing risk and increasing returns for satellite operators. We are on a mission to make on-orbit servicing routine by 2030, and these funds will significantly contribute to further innovative technology development, global expansion and increased capacity to meet the growing demand.”
Masahiko Arai, General Manager of the Defense Systems Division of Mitsubishi Electric, added: “Mitsubishi Electric is working to promote the use of space in the security sector, which strongly connects with Astroscale’s efforts to build a sustainable space economy for future generations. We are excited to invest in Astroscale and looking forward to cooperate and merge our collective expertise in supporting their business strategy and development of innovative technologies.”
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