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Letara has raised ¥2.6 billion (~$16 million) in new funding.
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The round was co-led by Headline Asia, JIC Venture Growth Investment, and Incubate Fund, with participation from NES, Toyoda Gosei, and Frontier Innovations.
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Letara plans to expand from hybrid satellite thrusters to developing large hybrid rocket systems for space, defense, and security markets.
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Letara has already won orders from rocket and satellite companies as well as the Japanese government.
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The company’s next major milestone is an in-orbit firing test with an overseas partner.
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Japanese Space Startup Letara Raises $16M to Expand Beyond Satellite Thrusters
Japanese space tech startup Letara has raised ¥2.6 billion (~$16 million) in new funding and plans to expand from hybrid satellite thrusters to large hybrid rocket systems for space, defense, and security markets.
- Space Technology
- Startup Funding
- Hybrid Rocket Propulsion
- Defense Technology
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