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UEL closes $8M Pre-Series A funding round with ten new investors to advance lunar exploration rover demonstrations.
PRIVATEAug 25, 2026•about 4 hours ago
Amount Raised
$8 Million
Round Type
Series A
South KoreaAerospace
Investors
Postech HoldingsBe High InvestmentSopoong VenturesA VenturesGame Changer InvestmentIbk Venture InvestmentKorea Sm Es And Startups AgencyInter Value PartnersWoori Venture PartnersId VenturesKdb Infrastructure Asset ManagementKorea Technology Finance CorporationKorea Development Bank
Description
UEL, a South Korean startup, has successfully closed an approximately $8M Pre-Series A funding round. This round involved ten new investors, including Korea Development Bank and ID Ventures, as well as follow-on investment from Sopoong Ventures. The funds will be used to validate the rover's capabilities for lunar missions, with demonstrations planned for next year. UEL aims to deploy its two-wheeled rover SCARAB in a real mission by 2027–2028.
Company Information
Company
UEL
Location
South Korea
About
UEL (Unmanned Exploration Laboratory) is a South Korean startup developing lunar exploration rovers. Founded in 2018 and incorporated in June 2023, the company focuses on a range of exploration platforms, including two-wheeled lunar rovers. UEL holds more than 10 patents and has published over 60 academic papers. The startup has also completed multiple government-funded projects in the aerospace sector.
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South KoreaAerospace