Skip to contentTAMPA, Fla. — Japanese small satellite thruster developer Pale Blue has raised $7.5 million to establish a mass production facility for its water vapor propulsion systems.The financing comprises loans and a recently closed Series B round backed by existing investors, Mitsui Sumitomo Insurance Venture Capital and Incubate Fund, the three-year-old University of Tokyo spin-off said Oct. 4NEDO, a national research and development agency in Japan, has also awarded Pale Blue a grant to research ways to mass produce its technology, covering the development of manufacturing and...…Skip to contentTAMPA, Fla. — Japanese small satellite thruster developer Pale Blue has raised $7.5 million to establish a mass production facility for its water vapor propulsion systems.The financing comprises loans and a recently closed Series B round backed by existing investors, Mitsui Sumitomo Insurance Venture Capital and Incubate Fund, the three-year-old University of Tokyo spin-off said Oct. 4NEDO, a national research and development agency in Japan, has also awarded Pale Blue a grant to research ways to mass produce its technology, covering the development of manufacturing and...WW…
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