SPACE WALKER Inc. has closed an additional $4.5 million through convertible equity and bonds, completing seed funding mainly from individual angel investors through March of 2022. This brings the total amount of funds raised to nearly $10 million.
SPACE WALKER is a university startup that researches and develops winged, reusable, suborbital spaceplanes for sustainable space travel and transportation. The company envisions a future where everyone can travel between Earth and space as freely as riding a commercial airplane today.
In July of 2021, the company launched the composites material department. SPACE WALKER’s world-class, lightweight, ultra-high pressure composite vessels developed for spacecraft are attracting attention in space commerce as well as among terrestrial, naval and air commerce as storage containers for hydrogen, a key element to build supply chain platforms for a decarbonized society.
The funds raised will be used for the technology demonstration of the suborbital spaceplane, development of commercial aircraft, and capital investment in the newly launched composite materials business, as well as for working capital such as personnel reinforcement and advertising expenses associated with aforementioned activities, to further business expansion.
CEO Akihide Manabe stated that this round of funds has enabled the compamny to establish a composites business department, presenting an opportunity to contribute to the current decarbonization momentum. SPACE WALKER’s suborbital spaceplane, which is under development, is a reusable rocket that will be propelled with clean fuel. The company will further refine its space technology to fulfill our role in society here on Earthーin air, on land and at seaーand to grow into a company that will flourish for generations.