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GITAI currently employs about 20 people at Torrance, California, where the company opened its U.S. headquarters in June 2022.
GITAI's Founder & CEO Sho Nakanose stated that the company aims to reduce labor costs for operations on the Moon and Mars by 100 times.
GITAI plans to expand its Engineering Model/Flight Model Manufacturing Facilities in the US.
The Dai-ichi Life Insurance Company, Limited is among the investors in GITAI's funding.
GITAI is in talks with several U.S. launch companies for a 2026 lunar surface demonstration mission in which its rover would attempt to assemble a communication antenna and solar panels to reach TRL 7 or higher.
JGC MIRAI Innovation Fund L.P. is also an investor in GITAI's funding round.
NVC No.1 Limited Liability Partnership is one of the investors in GITAI's Series B Extension funding.
In this funding round, GITAI raised funds through a third-party allotment from various companies and funds, primarily from existing investors.
GITAI aims to further expand employment in the US.
GITAI plans to use a portion of the Series B proceeds to expand into larger engineering and flight model manufacturing facilities in Los Angeles.
GITAI's lunar rover is slated to reach TRL 6 by the end of 2024 through various ground tests.
Most components on GITAI's Inchworm are similar to the company's 1.5-meter S2 robotic arm system, which GITAI expects to upgrade from TRL 6 to TRL 7 with an upcoming demonstration outside the International Space Station.
GITAI USA Inc. and GITAI Japan Inc. have completed a Series B Extension round of funding totaling 4 billion yen (approximately US$30 million) to expand their business and technology development in the US.
DCI Venture Growth Fund is an investor in GITAI's funding round.
In March, GITAI used two rovers and two Inchworms in a simulated lunar environment near the western edge of the Mojave Desert to emulate tasks needed to build a base on the moon and explore its surface.
GITAI intends to build infrastructure on the Moon and Mars, including solar panels, communication antennas, fuel generators, and habitation modules.
GITAI raised 4,000,000,000 JPY on 2023-05-24 to accelerate technology development and its U.S. expansion plans.
ANRI III Investment Limited Partnership invested in GITAI during this round.
KURONEKO Innovation Fund L.P. is one of the entities that invested in GITAI's funding round.
GITAI will primarily use the funds raised to enhance the Technology Readiness Level (TRL) of its Lunar Robotic Rover and Lunar Inchworm Type Robotic Arm.