Introduction
Japan-based space startup Letara raised approximately $16 million in a round co-led by Headline Asia, JIC Venture Growth Investments and Incubate Fund.
Developments
The company will use the investment to advance its hybrid rocket technology, build larger rocket systems and commercialize its technology.
Founded in 2020 by Shota Hirai, Landon Thomas Kamps and Harunori Nagata, Letara develops hybrid propulsion systems that use solid fuel and liquid oxidizer separately.
Details
Using materials such as plastic and rubber, the company plans to deploy its technology in satellite thrusters as well as in the space, defense and security sectors.