Letara Ltd., developing hybrid propulsion systems, has raised a total of funding of 1.13 billion JPY in its seed round

Letara Ltd., a startup specializing in the development and manufacturing of spacecraft propulsion systems using plastic as fuel, has secured an additional 650 million JPY in funding. Led by Co-CEOs Shota Hirai and Landon Kamps. Including grants and other funding sources, Letara has raised a cumulative 1.8 billion JPY. The new funding will support further development and accelerate preparations for an in-orbit demonstration.

Investor List:

Preferred Stock Investors:

・ ALL NIPPON AIRWAYS TRADING CO., LTD.

・ Japan Science and Technology Agency (JST)

・ SMBC Venture Capital Co., Ltd.

・ Toyoda Gosei Co., Ltd.

Underwriter for Bonds with Stock Acquisition Rights:

・ Aozora Corporate Investment Co., Ltd.

Lender

・ Sumitomo Mitsui Banking Corporation

Letara’s Vision

"Anywhere in space within 24 hours"

Shota Hirai & Landon Kamps

Letara Ltd., a Hokkaido University recognized start-up, was founded to implement the decades of research conducted by the Laboratory of Space Systems at Hokkaido University. By using plastic-based fuels and nitrous oxide, Letara has been able to mitigate key issues associated with traditional rocket motors, including high costs, safety risks, and potential for explosion. Letara has succeeded in developing a safe and affordable hybrid propulsion system while simultaneously maintaining the high thrust desired in conventional liquid and solid rocket propulsion systems.