Lunar Outpost Announces $12 Million Seed Investment to Scale Mobility Technology Enabling Commercial Lunar Advancement

M1-MAPP, the rover selected as the payload mobility provider by Nokia and Intuitive Machines to deploy Nokia’s 4G LTE network on the lunar surface. (Credit: Lunar Outpost)

GOLDEN, Colo. (Lunar Outpost PR) – Lunar Outpost, a global leader in commercial planetary mobility, announced a $12 million seed funding round today. The closed round was led by Explorer 1 Fund with participation from Promus Ventures, Space Capital, Type 1 Ventures and Cathexis Ventures. The capital will be used to launch a new class of autonomous lunar rovers, deploy Lunar Outpost’s robotic technologies in additional environments, and invest in new technologies to improve its existing platforms. Explorer 1 Fund Principal Daniel Kleinman and Promus Ventures Partner Gareth Keane also joined Lunar Outpost’s Board of Directors.

(more…)