D-Orbit, an Italian space logistics company, has secured 150 million euros in a two-part Series C funding.
Earlier this year, they announced an investment of 100 million euros in January and recently added another 50 million euros on September 27. This money will help them work on space-based cloud computing and in-orbit servicing systems.
So far, D-Orbit has carried out 16 missions using 14 ION orbital transfer vehicles, with seven more missions planned for 2025.
Japan’s Marubeni Corp. led the funding round and holds exclusive rights to distribute D-Orbit’s services in Japan and Southeast Asia. Other investors in this round include Avantgarde, CDP Venture Capital, Iberis Capital, Indaco Venture Partners, the European Innovation Council, Neva, Phaistos Investment Fund, Primo Ventures, and Seraphim Space Investment Trust. A consortium led by United Ventures, which includes the European Investment Bank and the European Investment Fund, also participated.
“We are thrilled to complete our Series C Round, significantly enhancing our operations and accelerating our global initiatives,” D-Orbit CEO Luca Rossettini said in a statement. “This investment strengthens our commitment to innovation in space transportation, in-orbit servicing, and the vast domain of space logistics.”
D-Orbit plans to use this new funding to expand its services in in-orbit servicing, space-based cloud computing, and orbital transportation. They are also developing new space vehicles for satellite-life extension and space-debris removal.
The company aims to create a “circular space economy” by turning space debris into a valuable resource. Future advances will allow the collection and recycling of debris in orbit and the manufacture of spacecraft for interplanetary travel.
Earlier this year, D-Orbit formed a joint venture in the United States to build small satellites.
We think it’s amazing how space technology is progressing so fast.
