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.
- 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.
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.