Fleet Awarded $20 Million in Australian Government MMI Grant Funding to Build Space Manufacturing Hub in SA

BEVERLEY, South Australia (Fleet Space Technologies PR) — Fleet Space Technologies is delighted to announce that the Australian Government has committed $20 million (USD) to the development of the Space Manufacturing Hub in Adelaide, South Australia. This adds to funds already committed by The Government of South Australia ($20 million AUS) and a consortium of leading space, aerospace and advanced air mobility companies including Fleet, Q-CTRL, AtSpace Pty Ltd and Alauda Aeronautics, the manufacturer of the world’s first electric flying racing cars. That total value of the project is therefore $66 million (AUS).

“The addition of this very significant investment from the Australian Government to the funds already pledged by the South Australian Government is affirmation of our nation’s commitment to the development of a rapidly growing industry and innovation in sovereign technological capabilities in space manufacturing. Fleet Space Technologies is proud to lead the Australian space sector. This industry is creating jobs, technological capability and lasting economic impact for Australia. The Space Hub in Adelaide will position South Australia as a true global centre of excellence in the development of space technologies.”

Flavia Tata Nardini, CEO and Co-Founder, Fleet Space Technologies

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Fleet Space Technologies Raises $26.4 Million in Series B Round to Fund IoT Nanosat Development

Internet of Things satellite (Credit: Fleet Space Technologies)
  • Fleet Space Technologies attracts $26.4m (USD) investment valuing company at $126m (USD)
  • Series B Round oversubscribed
  • Investment confirms confidence in Fleet Space advanced satellite technology 
  • Tech drives radical Internet of Things (IoT) efficiencies 
  • Investment is firm commitment to Australia’s rapidly emerging space industry  
  • Investment creates 70 new jobs, including many desirable STEM positions 

ADELAIDE, Australia (Fleet Space Technologies PR) — Fleet Space Technologies announces that it has secured $26.4m (USD) in investment, valuing the company at $126 million (USD). This represents a major step forward for Fleet Space Technologies, which is committed to creating the world’s most advanced low-power satellite network, securing planet-wide coverage for millions of compatible Internet of Things (IoT) devices by using its in-house Nanosatellite technology. This funding will underpin significant expansion in Fleet Space’s manufacturing footprint and will expand the company’s highly skilled workforce. 

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