Airbus Ventures to invest in Tokyo-based ispace; join hands with the extraordinary team
Ispace in Airbus Ventures
ispace was added to Airbus Ventures’ portfolio because “it’s an outstanding team that has positioned the right technology at the right moment,” according to Lewis Pinault of Airbus. Pinault, an Airbus Ventures partner who oversees the company’s Asian investments, told reporters that they had a good chance of being the first private corporation to land on the moon.
Airbus Ventures is also excited by ispace’s aim to collect data on lunar mineral and energy resources, according to Pinault.
Ispace has offices in Luxembourg and Denver, as well as ties with space agencies and private organizations all around the world, since its founding in Japan in 2010. ArianeGroup’s Series 1 ispace lunar lander is undergoing final construction in Germany ahead of its scheduled flight. The lander will carry lunar payloads for the Mohammed bin Rashid Space Centre in the United Arab Emirates, the Japanese Space Agency JAXA, and commercial enterprises in Japan and Canada.
Reason for the Association
Airbus Ventures, like ispace, is interested in learning how the moon’s natural resources could be used to produce clean energy and rare metals to support life on Earth. In addition, the moon has the potential to be the first space for off-world manufacturing. It would relieve the strains that production places on the environment, according to Pinault. He went on to say that Ispace is “well-positioned to establish a data-driven business to help us think differently about the moon’s future as a partner of the Earth for Earth sustainability.”
According to a news release dated Oct. 25, Ispace has raised approximately $200 million to date. In August, they announced a $46 million Series C funding round. On the 20th of October, ispace announced that Axiom Asia Private Capital would provide additional money as part of a Series C round extension.
“It’s a pleasure to get this investment from Airbus Ventures, a truly global corporation.” With Axiom Asia Private Capital, ispace has received its first direct investment from an international institutional investor,” stated ispace CEO Takeshi Hakamada in a statement.
ispace intends to launch its second lunar trip in 2023. Morpheus Space and LeoLabs are also part of Airbus Ventures’ space portfolio. Axiom Asia Private Capital and Airbus Ventures did not reveal their investment value in ispace.