Insider Brief
- Lunar Outpost raised $30 million in Series B funding to expand production of lunar robotics, mobility systems and space infrastructure technologies tied to a growing pipeline of Moon missions.
- The round was led by Industrious Ventures with participation from Type One Ventures, Eniac Ventures, Promus Ventures and Reliable Equity as the company scales manufacturing and deployment capabilities for lunar operations.
- Lunar Outpost said it has doubled revenue annually over the past four years, completed operations of a commercial rover on the Moon and secured eight contracted lunar and cislunar missions while continuing development of swarm robotics software and space command-and-control systems.
Lunar Outpost announced raising $30 million to expand production of lunar robotics and mobility systems. The Series B funding round was led by Industrious Ventures, with participation from Type One Ventures, Eniac Ventures, Promus Ventures and Reliable Equity, according to the company.
The Colorado-based company develops robotic vehicles, mobility systems and infrastructure technologies designed for lunar and other off-planet operations and said the funding will support manufacturing scale-up and deployment tied to a growing pipeline of lunar missions.
Lunar Outpost founder and CEO Justin Cyrus said commecial partnerships with NASA will be needed with the agency ramping up missions not seen since the Apollo era and plans to establish the Artemis Moon Base within a few years.
“What we’ve built from day one is the mobility and robotic foundation for the new economy in space, where access to energy and resources in space will shape the next generation of global industry,” Cyrus noted. “This fundraise rapidly scales our deployment of the rugged, industrial robotic workforce required to establish humanity’s next frontier.”
The company said it has doubled revenue annually over the past four years and currently has eight contracted lunar and cislunar missions scheduled through the end of the decade. Lunar Outpost also said it has already operated a commercial rover on the Moon and is preparing additional systems for future deployments.
Beyond robotic vehicles, the company is developing software and infrastructure platforms intended to support longer-term space operations. That includes swarm robotics software called Starweave and a command, control and communications platform known as Stargate C3.
Lunar Outpost indicated its wider focus includes infrastructure systems tied to power, communications, habitats and landing operations and it currently partners with companies that inlcude General Motors, Goodyear and Leidos to leverage technologies tied to both aerospace and autonomous mobility systems.
Image credit: Lunar Outpost
