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Epson and its subsidiary Epson X Investment Corporation (EXI) have announced an investment in Axelspace Holdings, the parent company of Axelspace Corporation. Axelspace, a startup specialising in the development and manufacturing of microsatellites, received this investment through the EP-GB Investment Limited Partnership, a joint fund.
Axelspace operates under the vision of “Space within Your Reach,” launching its AxelLiner business to develop, manufacture, and operate microsatellites. It also runs AxelGlobe, a service that captures and accumulates Earth observation data, sells satellite imagery, and provides related analysis and consulting services.
The space industry is experiencing significant changes, moving towards rapid commercialisation. New players, primarily venture companies, and innovative business models are emerging in the “new space” sector. This includes solutions that utilise satellite data, high-frequency observation services using microsatellite constellations, on-orbit services, and space resource development. The number of satellites launched globally is expected to double over the next decade, with an increasing reliance on satellite space data and technology.
Axelspace has designed, manufactured, and currently operates nine microsatellites, including four GRUS satellites for its AxelGlobe data service. The company is building expertise in volume production, which is critical for the future expansion of on-orbit services and the use of space data and technology. Axelspace plans to expand its core businesses, focusing on Earth observation and one-stop microsatellite services.
Under its Epson 25 Renewed corporate vision, Epson aims to contribute to developing a smart society through crystal device and semiconductor solutions, leveraging its advanced technologies. The investment in Axelspace aligns with Epson’s goals, as Axelspace has demonstrated competitiveness in the growing space data and technology utilisation market, supported by strong technological capabilities and a solid track record.
Epson’s investment in Axelspace is seen as a strategic move to explore potential synergies with Epson’s sensing devices. The company aims to collaborate with various partners to achieve a sustainable society, utilising its proprietary technologies, products, and services.
About Epson X Investment Epson X Investment Corporation, a Corporate Venture Capital (CVC) firm wholly owned by Seiko Epson Corporation, established the EP-GB Investment Limited Partnership with Global Brain Corporation. The partnership engages in investment activities focused on innovative technologies and companies.
About Axelspace Axelspace specialises in microsatellite technology, providing solutions under the banner “Space within Your Reach.” The company operates two main businesses: AxelGlobe, which offers Earth observation data via microsatellites, and AxelLiner, which provides comprehensive microsatellite services including design, manufacturing, launch arrangements, and operational support.
About Epson, Epson Australia, and Epson New Zealand Epson is a global technology leader focused on efficient, compact, and precise innovation. The company aims to address societal issues through innovations in printing, manufacturing, visual, and lifestyle products. Epson has set ambitious environmental goals, including becoming carbon negative and eliminating the use of exhaustible underground resources by 2050. The company, led by Seiko Epson Corporation in Japan, generates annual sales exceeding JPY 1 trillion.
For more information, visit Epson Australia and Epson New Zealand.
Last Updated on July 26, 2024 by Nick Ross
