ispace Raises $28 Million in Series B Funding, Announces Lunar Data Business – Parabolic Arc
Summary
Takasago Thermal Engineering Co., Ltd. and Mitsui Sumitomo Insurance Co., Ltd., which, in addition to investing in ispace’s Series B round, are also Corporate Partners of ispace’s HAKUTO-R program. ) and apply it to tools and applications, which can be provided as a service to potential customers (i.e., government space agencies, universities, research institutions, and private companies) for mission planning and lunar surface development. ■ Toru Akaura, Managing Partner, Incubate Fund: Since we first met ispace in 2014, we have been confident they will be a leader in the next generation of the space industry, and we will continue to support them with all of our might. Based on our heat utilization and water electrolysis technologies, we will share our knowledge with ispace to develop lunar resources at scale. ispace is part of a team led by Draper, which was selected by NASA to compete in its Commercial Lunar Payload Services (CLPS) Program, and ispace Europe was selected by ESA to be part of the Science Team for PROSPECT, a program which seeks to extract water on the Moon.