ElevationSpace Pre-Series B Brings Total Funding to ¥3.7B

ElevationSpace Inc., a company developing space-to-Earth transportation services centered on Japan’s world-renowned small satellite re-entry technology, has raised a total of 1.1 billion yen in its pre-series B round through a third-party allotment of new shares to eight companies, including existing investors, as well as loans from financial institutions. This brings the total amount raised since the company’s founding in February 2021 to 3.7 billion yen.

エレベーションスペース is working to realize a new transportation service from space to Earth, with the vision of “building a transportation network connecting people and goods in orbit.” Currently, they are working to commercialize the space environment utilization and retrieval platform “ELS-R” and the high-frequency material retrieval service “ELS-RS” from manned bases. As a first step, they plan to launch Japan’s first privately-led re-entry satellite, “Aoba,” in or after the second half of 2026.

Since our Series A funding, we have expanded our organization to over 50 people and significantly strengthened our development structure. We have made steady progress in both technology and organizational terms, including completing the Aoba Engineering Model (EM) and various environmental tests, establishing a development environment including our Fukushima Plant, and collaborating with Toyota Industries Corporation to develop heat-resistant materials for atmospheric re-entry systems. Furthermore, we are embarking on ambitious initiatives, such as the Mars lander development and atmospheric re-entry demonstration project from low Earth orbit proposed by NeSTRA, in which we participate, being selected for the Strategic Space Fund program.

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With this latest funding, we will significantly strengthen our ongoing business and development structure for the “ELS-R” and “ELS-RS,” and accelerate the full-scale development and commercialization of the “ELS-RS,” including the production of the “Aoba” flight model (FM) and the acquisition of the Space Strategy Fund. Through these efforts, we will steadily move forward toward establishing a new transportation infrastructure from space to Earth.

With this round as an opportunity, we will work with regional companies and banks in Japan, particularly in Tohoku, Kyushu, and Sanin, to foster the creation of new industries and accelerate future-oriented growth. We also intend to promote overseas services and the establishment of a development structure.

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