ClearSpace’s robot cleaner raises CHF 4 millionTuesday 6 July 2021
© ClearSpace SA
ClearSpace has raised CHF 4 million in its first financing round. The new capital adds up to the EUR 86 million already invested by the European Space Agency into the ClearSpace-1 mission.
An EPFL spin-off focused on the development of cornerstone in-orbit technologies and services to enable a striving, resilient and sustainable space economy, ClearSpace has announced the successful closing of its first round of financing of CHF 4 million.
Over the past ten years, the number of satellites launched every year has increased tenfold to over 600 a year. At the same time, the rising amount of debris in space is a growing threat to the future and safety of space activity. Over 23,000 items of debris closely tracked.
In collaboration with renowned industrial partners, the team focuses on developing state-of-the-art technologies for sensor fusion, autonomous navigation and space robotics, integrating them into an agile chaser. The mission called ClearSpace-1 is scheduled for 2025.
The new capital injection in the amount of CHF 4 million will flow into the development of the robot cleaner and support the company’s international activities.
Luc Piguet, co-founder and CEO of ClearSpace, comments on the fundraising: “Having the confidence of experimented investors such as Swisscom, Dedicated, The Flying Object Fund, Graph Ventures and Urania Ventures, along with various private investors and family offices, is a tremendous advancement for ClearSpace. Their commitment allows us to accelerate our efforts to build space sustainability for the future”.