Yamato : Additional Investment Made in Pale Blue Inc., Developer of Propulsion Systems for Small Satellites Using Water as a Propellant
June 04, 2024 at 08:31 am IST
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June 04, 2024
Yamato Holdings Co., Ltd.
Additional Investment Made in Pale Blue Inc.,
Developer of Propulsion Systems for
Small Satellites Using Water as a Propellant
Yamato Holdings Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director and Presiden
Yutaka Nagao), through the KURONEKO Innovation Fund (Operator: Global Brain Corporatio n), has made an additional investment in Pale Blue Inc. (Head Office: Kashiwa-shi, Chiba; CE O: Jun Asakawa).
A propulsion system developed by Pale Blue
Pale Blue is a startup originating at the University of Tokyo that develops propulsion engines for small satellites using water as propellant. Though most propulsion systems utilize high-pressure gas and/or toxic substances as propellants, Pale Blue develops propulsion systems that incorporate considerations of both the space environment and operator safety by using water as propellant. In March 2023, a Pale Blue-developed propulsion system was successfully installed on a small satellite and operated in space for the first time. Going forward, these systems offer the promise of expanded aerospace applications, both in Japan and around the world.
This new additional investment by the KURONEKO Innovation Fund comes in recognition of Pale
Blue's track record so far, its promising business expansion in the growing small satellite market, and its ongoing technological innovation. Yamato Holdings looks forward to continuing its support for Pale Blue's growth, deepening its knowledge of the burgeoning aerospace industry, and exploring new business possibilities.
Yamato Holdings Co. Ltd. published this content on
04 June 2024 and is solely responsible for the information contained therein. Distributed by
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04 June 2024 03:00:09 UTC.
Yamato Holdings Co., Ltd. is a holding company organized around 7 areas of activity:
- package home delivery services (83.7% of net sales);
- logistic services (8.6%);
- financial services (2.3%);
- IT services (1.7%): for e-commerce;
- moving services (2.1%);
- lorry and vehicles maintenance services (1.3%): ensured to transportation companies;
- other (0.8%).
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