Chiba, Japan, August 7, 2025 – Pale Blue Inc. (“Pale Blue”) has completed its Series C funding round, raising approximately 1.5 billion yen (approx. $10 million).

 

We have completed a third-party allotment of shares to venture capital and CVC funds*. With this funding, we will strengthen our production and quality control systems. We will actively work on establishing the development base for production technologies, enhancement of our team, and improving quality management. In research and development, we will continue to work on the development of Hall-effect thruster and its demonstration in space to further expand our product lineup.

 

We have received our first investment from CVC Fund of Mitsubishi Electric Corporation, which is engaged in the space industry (operated by Global Brain Corporation). Going forward, we will promote technological collaboration in space-related businesses to enhance competitiveness and expand our business.

 

 

*Series C funding round investors

aSTART Co., Ltd.
NISSAY CAPITAL CO.,LTD.
MITSUI SUMITOMO INSURANCE Venture Capital Co.,Ltd.
ITOCHU Technology Ventures, Inc.
ME Innovation Fund L.P.（CVC fund of Mitsubishi Electric Corporation which Global Brain Corporation operates）
TOKYU-CNST GB Innovation Fund L.P. （CVC fund of TOKYU CONSTRUCTION CO., LTD. which Global Brain Corporation operates）
Etc.

 

 

Comment from CEO&General Partner Kazumasa Watanabe of aSTART Co.,Ltd.

Pale Blue has steadily achieved its milestones such as developing propulsion technology, which is its core technology, and establishing a mass production system. To support upcoming space demonstrations and further business expansion, we have made an additional investment following our previous Series B funding. We are committed to continuing to fully support Pale Blue on its journey to lead the global thruster market.

 

 

Comment from Natsuki Fujiki, Senior Capitalist (Investment Department) of NISSAY CAPITAL CO.,LTD

I am delighted to have the opportunity to work with Pale Blue and its excellent management team. Since our first meeting, they have consistently and steadily made progress toward their ambitious goal of “building space mobility infrastructure.” I am committed to doing my utmost to contribute to this magnificent challenge.

 

 

Comment from Komi Matsubara, Executive Officer (Vice President, Business Innovation), Mitsubishi Electric Corporation

Pale Blue’s innovative propulsion technology has the potential to simultaneously achieve safety, efficiency, and environmental compatibility in space transport. Sustainable propulsion technology is a crucial element that aligns with the direction of our space business, and we are delighted to form this partnership. We are confident that this investment will be a catalyst for deepening our technological collaboration and contributing to innovation in the space business and the creation of social value.

 

 

Comment from Jun Asakawa, Co-Founder and CEO of Pale Blue

With our Series C funding round, Pale Blue has secured further support from both new and existing investors. We will further accelerate our thruster business by advancing our technological partnership with Mitsubishi Electric, which has many years of experience in space-related businesses. This collaboration will help us achieve our vision of “creating mobility that is core to the space industry.” We are deeply grateful for the trust and confidence our investors have placed in us and will continue to expand our business with a strong sense of mission and responsibility.

 

 

Pale Blue is looking for talent!

Join us and take on the challenge of going beyond what humans have done before.
We look forward to receiving your application if you share our mission!

https://pale-blue.co.jp/career/

 

About Pale Blue

Pale Blue develops and manufactures propulsion systems (engines) for small satellites, serving satellite integrators and operators worldwide. Since its founding in 2020, Pale Blue has successfully achieved in-orbit operations of water-based propulsion systems a number of times, providing highly reliable solutions. While further expanding its product offering through R&D and in-orbit demonstrations, Pale Blue is also strengthening production capabilities to meet the growing demand for propulsion systems. Pale Blue is committed to creating mobility that is core to the space industry, driving the next generation of space development.

Website：https://pale-blue.co.jp/

 

Contact

pr@pale-blue.co.jp