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MJOLNIR SPACEWORKS Raises 400 Million Yen in Series A+ Round

MJOLNIR SPACEWORKS, a burgeoning venture in hybrid rocket engines located in Sapporo, Japan, has captured headlines with the successful completion of a Series A+ funding round. The company secured a substantial total of 400 million yen from notable investors including IncubateFund, UntroD Capital Japan, and Mitsubishi UFJ Capital. With this latest funding, MJOLNIR SPACEWORKS has now raised a cumulative total of 850 million yen since its inception.

The resources obtained from this funding round are earmarked for significant advancements in product development, enhancing recruitment efforts, and accelerating the company’s expansion into international markets. MJOLNIR SPACEWORKS aims to leverage this financial boost to solidify its place in the space industry and pursue its ambitious vision of mass-producing rocket engines at a global scale.

In a statement regarding the funding, CEO Tor Viscor expressed immense gratitude towards the supporting investors, acknowledging their belief in the company's vision and potential. He emphasized the importance of their commitment as a source of motivation, driving the company's mission to revolutionize the rocket engine market.

Since its establishment in January 2020, MJOLNIR SPACEWORKS has focused on designing, manufacturing, and selling aircraft and spacecraft-related products. With the funding now secured, the company intends to further refine its technology and boost its competitive edge in the rapidly evolving space industry.

Future Goals and Objectives

Following this recent financial infusion, MJOLNIR SPACEWORKS’ leadership is enthusiastic about the future. The team plans to ramp up research and development efforts to improve their hybrid rocket engine technology which promises enhanced efficiency and reduced costs compared to traditional propulsion systems. The funds will also allow the company to bolster its workforce to support expanded operations and research projects.

As part of their strategy, MJOLNIR SPACEWORKS is keen on strengthening partnerships with international space organizations and engaging in collaborative ventures that can facilitate shared expertise and resources. This collaborative approach is expected to not only enhance product offerings but also broaden their reach into overseas markets, which have shown a growing demand for innovative space technologies.

About MJOLNIR SPACEWORKS

• - Company Name: MJOLNIR SPACEWORKS
• - CEO: Tor Viscor
• - Founded: January 21, 2020
• - Location: Noblesse SAPPORO 201, 3-1-1 Kita 10 Jo Nishi, Sapporo, Hokkaido, Japan
• - Official Website: mjolnir-sw.com

As MJOLNIR SPACEWORKS embarks on this new chapter, the push for innovation in the aerospace sector places them at the forefront of Japan’s space economy. With a vision to become the world leader in rocket engine mass production, the company exemplifies the spirit of pioneering exploration and technological advancement in the ever-expanding realm of space business.

For further inquiries regarding this matter, media representatives can visit the MJOLNIR SPACEWORKS contact page.