Investment & Fund Management
European Investment Fund Partner
Full Credential Description
Lunar Outpost, an advanced technology company based in Luxembourg, specializes in developing autonomous robotic systems for both earth and space applications. The company faced challenges in securing funding for its lunar operations, particularly in the early stages when private investors showed little interest in the sector. However, this perception shifted over time, leading to increased investment interest as the potential for lunar exploration became more recognized.
In early 2022, Lunar Outpost received a significant boost in its fundraising efforts through an equity investment from Orbital Ventures, a venture capital fund backed by the European Investment Fund (EIF). This investment allowed the company to double in size, enhance its technology for space, and expand its facilities. The partnership with the Luxembourg Space Agency further enabled Lunar Outpost to focus on critical areas such as thermal control and energy storage technologies, essential for their upcoming lunar missions.
As a result of these tailored solutions and strategic partnerships, Lunar Outpost is now positioned to participate in a mission to the moon with its robotic platforms and space vehicles. The rovers are designed to autonomously carry important payloads, conduct lunar soil analysis, and test communication infrastructure capabilities, all while adapting to the harsh lunar environment. This growth trajectory not only highlights the company's advancements in technology but also marks a significant step towards establishing a long-term presence in space, with aspirations of having "something made in Luxembourg" on the moon.