Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite service in all orbits and long-term sustainability, has closed its Series G round with more than US$76 million in funding from new investors Mitsubishi Electric, Yusaku Maezawa and Mitsubishi UFJ. With the closing of this round, Astroscale has raised a total of approximately USD 376 million since inception.
“We are pleased with the interest from our investors, which is a vote of confidence in Astroscale’s vision and potential. In-orbit servicing is essential infrastructure for a sustainable and growing space economy and the key to reducing risk and increasing returns for satellite operators. By 2030 we have a mandate to establish an on-orbit servicing routine. And these funds significantly contribute to further innovative technology development, global expansion and increased capacity to meet growing demand.”Nobu Okada, Founder and CEO of Astroscale
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“We are Excited to Invest in Astroscale”
Astroscale is the first private company with a vision to secure the safe and sustainable development of space for the benefit of future generations. It is also committed to providing in-orbit services in all orbits. The company was founded in 2013. It develops innovative and scalable solutions across its range of on-orbit services. Astroscale also defines business cases. It also works with government and commercial stakeholders to develop norms, regulations, incentives for responsible use of space.
Headquartered in Japan, the company has branches in the United Kingdom, the United States and Israel. Astroscale is a fast-growing startup company working to advance safe, sustainable growth in space and solve a growing environmental challenge.
“Mitsubishi Electric is working to promote space utilization in the security sector, which is strongly linked to Astroscale’s efforts to build a sustainable space economy for future generations. We are excited to invest in Astroscale and look forward to collaborating and combining our collective expertise to support their business strategy and development of innovative technologies.”Masahiko Arai, General Manager of Mitsubishi Electric Defense Systems Division