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Letara's $16M round backs move from satellite thrusters to large rocket systems
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Letara raised $16 million to develop large hybrid rocket systems for space, defense, and security, expanding beyond its original satellite thruster focus.
For engineers in propulsion, Letara's expansion signals growing commercial interest in hybrid rockets that use inexpensive solid fuels. The move from thrusters to full rocket systems will require solving scaling and manufacturing challenges, including reliable ignition and combustion control, to compete with established players.
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Letara raised ¥2.6 billion (~$16 million) in a round co-led by Headline Asia, JIC Venture Growth Investment, and Incubate Fund.
The company plans to develop large hybrid rocket systems for space, defense, and security markets.
Letara's hybrid rocket design separates solid fuel from liquid oxidizer, using inexpensive materials like plastic and rubber.
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