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Propulsion

Pale Blue Closes $10M Series C with Mitsubishi Electric CVC

Type
FUNDING
Status
SUCCESS
Date
August 7, 2025
FOMO
70

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Japan's biggest defense electronics firm just backed a water-powered satellite engine

Orig: Pale Blue teams up with Mitsubishi Electric to advance water propulsion

Pale Blue completes $10M Series C with Mitsubishi Electric's CVC fund, bringing total raised to ~$30M. The strategic investment is expected to lead to deeper technical collaboration on satellite propulsion. CEO Jun Asakawa notes talks with launch providers about bundled propulsion solutions.

#propulsion#green-propulsion#japan

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