The funding will boost the company’s domestic and international business development and service developmentElevationSpace Inc. (CEO: Ryohei Kobayashi, Headquarters: Sendai, Miyagi Prefecture), a company developing Space-to-Earth transportation as well as a Space Environment Utilization and Recovery Platform, has raised a total of US $40 million in its Series B round through a third-party allotment of shares.Through the largest funding round in the company’s history, the close of the funding round brings the total amount raised since its founding to US $63.5 million, demonstrating the growing attention and confidence in the space transportation and low-Earth orbit (LEO) utilization markets.Background of the FundingThe company is developing the "ELS-R” series satellite for the space environment utilization and recovery platform and "ELS-RS" for a high-frequency cargo recovery service from space stations back to Earth. This initiative leverages Japan’s unique expertise in small satellite lift-guided re-entry - a capability solely demonstrated by Japan and essential for returning payloads from space stations to Earth as well as crewed spacecraft from space to Earth. The company is close to complete assembly of the “AOBA”, which is the first private re-entry satellite and the first model of "ELS-R” series.Since its Pre-Series B funding round, ElevationSpace has dynamically driven global partnerships. This includes signing an agreement with Axiom Space to assess high-frequency re-entry and recovery services, and announcing plans to integrate Redwire’s biopharma technology into its own platform. Furthermore, the company has scaled its organization to over 80 members, significantly strengthening its development structure.The company has also made steady and ambitious strides in technology, organizational capability, and business expansion as a next-generation space infrastructure provider. Key recent milestones include:Selection for the Space Strategy Fund's "Technologies for High-Frequency Cargo Recovery Systems" program.Participation as a collaborating organization in the "Manned Space Transportation System Foundational Safety Technology" category of the Space Strategy Fund.Partnership with Japan LEO Shachu to establish the post-ISS LEO activity infrastructure.The newly raised capital will be allocated toward the development and operation of the company's space-to-Earth transportation and space environment utilization services, as well as its global expansion, ensuring steady progress toward the further growth of its business.Subscribers to the Third-Party Allotment (In no particular order)Investor / Management Company of Fund・SPARX Asset Management Co., Ltd.・Beyond Next Ventures Inc.・Energy & Environment Investment, Inc.・Simplex Capital Investment Co., Ltd.・ITOCHU Technology Ventures, Inc.・NISSAY CAPITAL CO.,LTD.・Animal Spirits Ltd.・Dai Nippon Printing Co., Ltd.・Toyoda Gosei Co., Ltd.・Global Brain Corporation / East Japan Railway Company・Mitsubishi UFJ Capital Co., Ltd.・NTT DOCOMO Ventures, Inc.・SBI Investment Co., Ltd. / NIPPON EXPRESS HOLDINGS, INC.・Z Venture Capital・Resona Capital Co., Ltd.・PERSOL VENTURE PARTNERS LLC・SMBC Venture Capital Co., Ltd.・Aozora Corporate Investment Co., Ltd.・Individual InvestorsComment from Ryohei Kobayashi, Representative Director & CEO of ElevationSpaceUnder the vision of "Building an in-orbit transportation network to connect cargo, crew, and all orbital operations," our company has been promoting the development of space transportation services centered on Japan's world-renowned small re-entry and recovery technology.Re-entry and recovery technology is an essential piece of space transportation infrastructure beyond the rocket. Over the past year, our company has secured multiple research and development projects related to recovering materials from space stations, manned spacecraft, and Mars landings, demonstrating both our technical potential and the crucial need for our transportation infrastructure.Driven by the fund raised in this Series B, we will further accelerate the development of the successor model following the first "Aoba," while also promoting full-scale entry into the European and U.S. markets.Together with our trusted shareholders and partners, we will continue to take on challenges at full speed, aiming to become the driving force behind global space infrastructure in the post-ISS era.