Japan-based startup ispace recently secured $46 million of funding in a Series C investment. The round reached a completion from seven investors including Incubate Fund as the lead investor. After the recent funding, ispaces’s total funding reached to $195.5 million and with the investment, the startup aims to complete three lunar missions in next three years.
They announced that their first lunar mission is scheduled for the second half of 2022 and the spacetech will start the development of lunar landers for the subsequent mission to establish a high-frequency delivery to the moon.
Further, the company has also announced, they will be using the funding for their second lunar mission which is set for 2023. Additionally, they also plan to increase the size of the lunar lander for its third mission, planned for 2024 from the US.
ispace has a great interest in helping incite a space-based economy, noting on its website that moon’s water resources represent untapped potential.