Osaka University Spin-off PowerLaser Raises 1.2 Billion Yen to Accelerate Space Debris Removal and Laser Fusion

Overview of Funding

PowerLaser Inc., a startup originating from the Institute of Laser Engineering at Osaka University, has announced the completion of a fundraising round totaling approximately 1.2 billion yen through third-party allotment of shares and other means. With this latest round, the company's total funding to date has reached approximately 1.6 billion yen. The newly acquired funds will be allocated toward space situational awareness operations targeting small space debris, as well as the development and application verification of power laser light sources for laser fusion.

About PowerLaser Inc.

Established in May 2024 as a spin-off from the Institute of Laser Engineering at Osaka University under the corporate philosophy "Power Lasers Open Up the Future," the company possesses world-class technology for power laser light sources characterized by high energy per pulse and high repetition rates. Collaborating with cutting-edge research institutions and experts, PowerLaser aims to expand its applications into fields such as energy and the space industry.

Purpose of Funding and Future Outlook

PowerLaser will leverage the raised capital to accelerate the social implementation of its power laser technology. Specifically, the company will focus on developing space situational awareness technology to contribute to a safer space environment, and developing light sources for laser fusion, which is attracting attention as a next-generation energy source. Moving forward, by integrating the expertise of universities, research institutions, and corporations, PowerLaser plans to lead global efforts not only in existing markets but also in the creation of entirely new industries.

List of Underwriters (Investors)

This funding round includes participation from Incubate Fund VI, L.P., IF Everlast L.L.P., Frontier Innovations Investment Limited Partnership No. 1, Angel Bridge Unicorn Fund 3 Investment Limited Partnership, DBJ Capital Investment Limited Partnership, Mori Building Innovation Fund Investment Limited Partnership (managed by Spiral Innovation Partners), Aozora HYBRID Investment Limited Partnership No. 3, Gogin Goen-musubi Investment Limited Partnership No. 1, Tsukuba Exceed Investment Limited Partnership No. 2, ForStartups Capital LLC, SMBC Venture Capital Industry-Academia Collaboration Investment Limited Partnership No. 3, Mizuho Growth Support No. 5 Investment Limited Partnership, and Japan Finance Corporation.