Gitai Raises $15M to Build Construction Robots for Lunar Bases and Cities on Mars.
Gitai is developing robots for construction and maintenance in space environments, including satellites, space stations, lunar bases, and potential Mars habitats.
Company Name: Gitai
Location: Los Angeles, CA; Tokyo, Japan; and Torrance, CA
Industry: Space Robotics
Funding Raised: Additional US$15M in funding, bringing the Series B Extension total to US$45M.
Lead Investors:
- Green Co-Invest Investment Limited Partnership
- Pacific Bays Fund 1 & 1A Investment Limited Partnerships (Pacific Bays Capital)
- MSIVC 2021V Venture Capital Investment Limited Partnership (MITSUI SUMITOMO INSURANCE Venture Capital Co., Ltd.)
Other Sources of Funds: Loan from MUFG Bank.
Purpose for Funds: Drive the development of two variations of the “Gitai Lunar Rover” and a Lunar Rover, fund business expansion, and partially cover the lunar surface demonstration.
Background:
Nature of Product/Service: Development of robots for construction and maintenance in space environments, including satellites, space stations, lunar bases, and potential Mars habitats.
Company Overview: Gitai is pioneering the field of space robotics, designing advanced robots that can play a crucial role in the expansion of human presence in space. With the fresh infusion of funds, they are poised to make significant strides in lunar exploration and beyond.