ElevationSpace Secures US $40 Million in Series B Funding, Bringing Total Raised to US $63.5 Million

ElevationSpace, creating a new path back from space to earth, led by Ryohei Kobayashi and the team, has raised a total of US $40 million in its Series B round through a third-party allotment of shares. Through the largest funding round in the company’s history, the close of the funding round brings the total amount raised since its founding to US $63.5 million, demonstrating the growing attention and confidence in the space transportation and low-Earth orbit (LEO) utilization markets.

Background of the Funding.

ElevationSpace is developing the ELS-R satellite series for space environment utilization and the ELS-RS platform for high-frequency cargo return from space stations to Earth. The company is leveraging Japan's expertise in small-satellite re-entry technology, with the assembly of AOBA, its first privately developed re-entry satellite, nearing completion.

Since its Pre-Series B round, ElevationSpace has expanded through strategic partnerships, advanced key space transportation technologies, and grown its team to more than 80 employees. The newly raised capital will support product development, commercial operations, and global expansion.

Investors.

The Series B round was backed by a mix of venture capital firms, corporate investors, and individual investors. Participants included SPARX Asset Management, Beyond Next Ventures, Energy & Environment Investment, ITOCHU Technology Ventures, Nissay Capital, Mitsubishi UFJ Capital, NTT DOCOMO Ventures, SBI Investment, Z Venture Capital, SMBC Venture Capital, Resona Capital, Dai Nippon Printing, Toyoda Gosei, East Japan Railway (via Global Brain), PERSOL Venture Partners, Aozora Corporate Investment, Animal Spirits, Simplex Capital Investment, and individual investors.

Ryohei Kobayashi said the company is advancing space transportation services built on Japan's small satellite re-entry and recovery technology, a key component of future space infrastructure. Backed by the Series B funding, ElevationSpace plans to accelerate development of the next-generation successor to AOBA while expanding into the U.S. and European markets, with the goal of becoming a leading provider of post-ISS space transportation infrastructure.