Space robotics startup GITAI raises $30 million in funding
Technology
It aims at enhancing technology readiness level of Lunar Robotic Rover and Lunar Inchworm Type Robot
TORRANCE – GITAI USA Inc. and GITAI Japan Inc. (GITAI), the world’s leading space robotics startup company, have completed a Series B Extension round of funding totaling 4 billion yen (approximately $30 million) to accelerate and expand their business and technology development in the US.
The funds raised in this round will be primarily used to achieve the objectives of enhancing the technology readiness level (TRL) of GITAI’s Lunar Robotic Rover and Lunar Inchworm Type Robotic Arm, and expanding the Engineering Model/Flight Model Manufacturing Facilities in the US.
“We are thrilled to further expand our operations in the US,” said Sho Nakanose, GITAI’s Founder & CEO.
“While SpaceX and BlueOrigin are reducing the cost of transportation to space by 100 times, we at GITAI are taking on the challenge of reducing labor costs by 100 times. We will provide the most labor for the Moon and Mars and build infrastructure such as solar panels, communication antennas, fuel generators, and habitation modules.”
In this round, GITAI raised funds through a third-party allotment from the following companies and funds, mainly from existing investors including Global Brain CVC Funds, EP-GB L.P. (SEIKO EPSON CORPORATION / Epson X Investment Corporation / Global Brain Corporation) and JGC MIRAI Innovation Fund L.P. (JGC JAPAN CORPORATION / JGC HOLDINGS CORPORATION / Global Brain Corporation).
