Golden, Colorado (Lunar Outpost PR) – Lunar Outpost, the world leader in commercial planet mobility, today announced a $ 12 million seed funding round. The closed round was led by the Explorer 1 Fund with the participation of Promus Ventures, Space Capital, Type 1 Ventures and Cathesis Ventures. The capital will be used to launch a new class of autonomous lunar rover, deploy robotic technology on the Lunar Outpost to additional environments, and invest in new technologies to improve existing platforms. Explorer1 fund principal Daniel Kleinman and Promus Ventures partner Gareth Keane have also joined Lunar Outpost’s board of directors.
With decades of safe travel to the Moon and the rise of a commercialized universe, society will expand the operation of both humans and robots throughout the solar system, expanding the existence of the Moon. We are trying to ignite global demand. Countries are competing to establish lunar bases to leverage lunar resources to continue important research and establish a new paradigm for value generation in space. Lunar Outpost develops and implements technology that enables sustainable presence in the cislunar space, proven by its status as the only company with two fully funded commercial rover missions to the Moon. By doing so, we are helping to establish this paradigm.
Lunar Outpost technology has both Earth and space uses, providing “mobility as a service” on the Moon to businesses, researchers, governments, and universities. Its modular autonomous rover and service-based business model significantly reduces the cost of exploring space, building interplanetary infrastructure, and collecting the vast resources of space. The following are currently available:
- Mobile Autonomous Prospecting Platform (MAPP): The first commercial Lunar Prospector to debut in the United States with industry-leading payload support and mobility capabilities, demonstrated in two commercial missions to the Moon. In mid-2023, MAPP Rover will participate in Nokia’s LTE / 4G NASA Tipping Point program to build, integrate and test the first LTE / 4G network on the Moon. MAPP is working with the Johns Hopkins University Applied Physics Laboratory (APL) to explore the mysterious Reiner Gamma region of the Moon in early 2024, NASA’s PRISM for a lunar mission to the Moon. Also selected by the program.
- Mars Oxygen In-Situ Resource Utilization Experiment (MOXIE): Humanity’s first successful demonstration of how to use space resources to facilitate further exploration in space and sustain human life on another planet. MOXIE contributed to the first demonstration of space resource utilization on another planet by producing oxygen from the atmosphere of Mars.
- Canary Industrial Grade Environmental Monitor: A continuous smart IoT device that can be customized for PM 2.5, tVOC, O3, NO2, CH4, CO, weather data and more. Lunar Outpost currently manufactures and operates thousands of Canary devices that have collected over 35 billion data points via a web-based Canary dashboard.
“We live in an era where reliable and reproducible commercial access to the lunar surface by small lunar landers is a reality. The lunar outpost is sprinting with the industry and will soon be three. It will be one of the few companies operating the system on a planetary body, “said Justin Cyrus, founder and CEO of the Moon Outpost. “Before this investment, I was working in one round of angel investors, which was actually bootstrapped, but the team signed two lunar missions, six times more than last year. Our growth and funding news today show the confidence of our customers and investors that the Moon Outpost is the world leader in commercial planet mobility. “
The moon is now the market. According to a report from SpaceTech Industry 2021, there are more than 10,000 private space technology companies in the United States. These companies are keen to profit and profit from the abundant lunar resources that have not yet been discovered, such as building materials, fuel and water. And oxygen. Production of small lunar landers has increased exponentially over the last five years, with at least 14 lunar landings planned over the next three years. This small lunar module flood is being driven by a large investment from NASA under the Commercial Lunar Payload Services Program (CLPS). As part of the program, Lunar Outpost has won its first contract with NASA to collect and commercialize lunar regolith from the surface of the moon.
“We are at an important turning point in the space economy. The rise of international commercial space activities has reduced launch costs and opened up opportunities to invest in growing categories such as lunar infrastructure.” Said Daniel Kleinman, Principal of the Explorer 1 Fund. “The research and data provided by Lunar Outpost Rover serves as a catalyst for building this infrastructure. Our investment is the largest ever and Lunar Outpost focuses on the cislunar space. It will be the most capitalized US startup to hit. As the moon is increasingly looking at the use of resources it must provide, the basic work their team is doing, collecting samples of legoris, is. It’s very important. “
Next year, the company plans to leverage its growing space ecosystem by rapidly expanding its manufacturing and engineering facilities, lunar testing facilities, and overseas locations in the Denver region.
About the Lunar Outpost
Founded in 2017, Lunar Outpost is an industry leader in commercial space robotics, lunar outpost mobility, and in-situ resource utilization. From the ground-based product lines that revolutionize the air quality sector to the production of oxygen on Mars, our impact extends to the solar system. Our flagship rover, the Mobile Autonomous Prospecting Platform, will be the first commercial rover to Antarctica on the Moon in 2023. twitterLinkedIn, Instagram.
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