Raised 300 million yen from Incubate Fund Inc.

Innovative Space Carrier Inc.(Minato-ku, Tokyo; CEOKojiro Hatada), a startup company that aims to realize a transportation system that makes space reusablepossible, has raised 300 million yen in a third-party allocation of new shares to Incubate Fund Inc.

Future Space Transportation Systems, Inc. was established as a start-up company based on a study by the Space Passenger Transport Promotion Council (SLA), a general incorporated association, with the vision of “creating an era when everyone has access to space” and aiming to realize a transportation system that will enable space travel.

With this financing, we will identify technical issues necessary to realize a single stage, fully reusable spacecraft reusable(SSTO; Single Stage To Orbit), and after studying drastic cost reduction and humanspace transportation technology, we will accelerate the study of business plans including the provision of future space transportation services such as Point to Point (P2P) and space travel. After identifying necessary technological issues and examining space transportation technologies, we will accelerate the study of business plans, including the provision of future space transportation services such as point-to-point (P2P) and space travel.

■Corporate Profile
Corporate Name Innovative Space Carrier Inc.
English Name Innovative Space Carrier Inc.
Representative CEOKojiro Hatada
Head Office Address KaleidoWorks, 3F Ark Mori Building, 1-12-32 Akasaka, Minato-ku, Tokyo
Nihonbashi Office X-NIHONBASHI, 7F Fukushima Building, 1-5-3 Nihonbashi Muromachi, Chuo-ku, Tokyo
Date Established May 2, 2022
Capital 310,000,000 yen (including capital reserve)
Business Description Planning and study for commercialization of innovative space transportation systems
URL https://www.innovative-space-carrier.co.jp/

(Representative Comment)
Space infrastructure plays a major role in the advancement of various services in modern society, and access to space is key to its development. In addition, the two-point rapid transportation (P2P) and space travel markets are expected to grow to more than 10 trillion yen by the 2040s, and efficient space reusableaircraft will be necessary to make this happen. Creating an era when everyone has access to spaceWe believe that space travel is essential for us to engage in affluent economic and social activities.
In order to materialize this ideal future vision, we will accelerate the recruitment of core engineers through this fundraising, and will study the feasibility of systems for future space transportation services and identify the technological elements necessary to realize innovative services such as drastically low-cost space travel. The plan will be fleshed out in concrete terms, such as the following.

(Representative Biography)
Innovative Space Carrier Inc. CEO , Outside Director of ispace Corporation, Outside Director of Arkedge Space Inc. and Director of Digital Hearts Plus Inc.
After graduating from Kyoto University Graduate School of Energy Sciences (Master’s Program) in 2004, he joined the Ministry of Economy, Trade and Industry. After working on energy and industrial policies, he was seconded to the Ministry of Foreign Affairs in 2012 to work at the Japanese Delegation to the European Union and the Embassy of Japan in Belgium. 2015 he was seconded to the Secretariat for the Strategic Promotion of Space Activities, Cabinet Office, where he was involved in the establishment of the Space Activities Act, the formulation of the Space Industry Vision 2030, the space business idea contest S -In 2017, he returned to the Ministry of Economy, Trade and Industry (METI) and established J-Startup, a new startup support program. He was engaged in launching programs, etc., and founded Digital Hearts Plus Inc. in 2019. founded Innovative Space Carrier Inc.in May 2022 and assumed the position of CEO.

■ Subscriber to the third-party allotment
Incubate Fund Corporation Toru Akaura
URL https://incubatefund.com

(Comment)
The low-cost space transportation that the company aims to realize is a technological field where needs will grow at an accelerating pace as the market for high-speed transportation between two points and space travel expand, and we are confident that it will become an essential space infrastructure for the advancement of various services in Japan.
The company will take on the challenge of accurately grasping the Japanese government’s policy trends and domestic and international market trends in order to engage leading players in the public and private sectors.
I have personally had discussions with the management team since before the company was founded, and will continue to give my full support.

(Brief history)
Worked at Jafco for 8.5 years in the investment department and engaged in investment development business at the front line.
Started his own venture capital business in 1999. Since then, he has been consistently engaged in investment and development business specializing in the start-up period.
Director of the Japan Venture Capital Association since July 2013, Managing Director since July 2015, Vice Chairman since July 2017, Chairman since July 2019.

■ Press Release
September 1, 2022 Innovative Space Carrier Inc., Raises 300 Million Yen from Incubate Fund Inc.