Astroscale has secured $50m in a series D financing round led by Innovation Network Corporation of Japan (INCJ) and Japan's Mitsubishi Estate and SBI Investment. The Singapore-based firm is working on technologies to remove space debris from orbit. It's raised a total of $102m and the latest money will enable it to advance projects including technology-demonstration satellite Nobu Okada. Constructed by Surrey Satellite Technology of the UK, the spacecraft features satellites for rendezvous and proximity operations and is scheduled for a 2020 launch. Astroscale also plans to scale up its UK operations centre.
Astroscale has secured $50m in a series D financing round led by Innovation Network Corporation of Japan (INCJ) and Japan's Mitsubishi Estate and SBI Investment. The Singapore-based firm is working on technologies to remove space debris from orbit. It's raised a total of $102m and the latest money will enable it to advance projects including technology-demonstration satellite ELSA-d. Constructed by Surrey Satellite Technology of the UK, the spacecraft features satellites for rendezvous and proximity operations and is scheduled for a 2020 launch. Astroscale also plans to scale up its UK operations centre.