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Letara Raises ¥2.6B to Build its Hybrid Rocket Engine Tech. The pre-Series A round will fund the development of low-cost, hybrid rocket technology for launch and in-space applications.
Japanese propulsion startup Letara closed a ¥2.6B ($16M) pre-Series A round to fund the development of its low-cost, hybrid rocket engine technology. The round was led by Headline Asia, JIC Venture Growth Investments, and Incubate Fund, with participation from various US and Japanese VC firms. Letara aims to scale its technology and finance its first in-space demonstration with the new capital. Founded in 2020, Letara is focused on creating innovative rocket propulsion solutions.
Company Information
Company
Letara
About
Letara is a Japanese propulsion startup founded in 2020 that focuses on developing low-cost, hybrid rocket engine technology for launch and in-space applications. The company was initially built on research from Hokkaido University. Letara aims to create both satellite thrusters and launch-class rocket engines using a unique combustion technology that offers a safer fuel alternative. Its product lines include thrusters for satellite propulsion and hybrid engines for various mission profiles.
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