Starpath Robotics, has secured seed funding of $12 million. The company, which has been developing advanced technology for harvesting water from the Moon, plans to use these funds to accelerate its plans for lunar mining and liquid oxygen (LOX) production.
Harvesting oxygen and water from the Moon
LOX, refined from lunar ice lunar iceis vital for space missions, as it is used as an oxidizer in rockets and spacecraft. Starpath has an ambitious vision: with fleets of mining vehicles and autonomous processing plants, they plan to collect and process large quantities of lunar regolith, extract water, and produce liquid oxygen, all powered by solar energy.
[post_relacionado]Starpath CEO Saurav Shroff has highlighted that with this capital injection, the company is closer to its first demonstration mission, planned to collect 100 tons of LOX per year. Shroff also mentions that this technology could be key for future missions to Marsfacilitating the development of interplanetary infrastructures.
The financing was led by 8VC and Fusion Fund, with the participation of other firms such as Day One Ventures and Indicator Ventures. This investment will enable Starpath improve its technology, expand its team and pave the way for future missions that could change the future of space exploration. space exploration.
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Source and photo: Techcrunch