Japanese space tech startup Letara has raised ¥2.6 billion ($16 million) to expand its hybrid rocket technology beyond small satellite thrusters. The company aims to broaden its reach into the space, defense, and security markets.
Letara is betting its hybrid rocket technology can move beyond its current application in small satellite thrusters. The newly acquired funding, totaling ¥2.6 billion ($16 million), will be used to facilitate this expansion.
The startup intends to serve a wider range of industries, specifically targeting the space, defense, and security sectors. This move signifies Letara’s ambition to become a more versatile player in the broader space technology landscape.
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