Global Brain has invested in Pale Blue Inc. (Pale Blue), an end-to-end startup working on propulsion systems for micro-satellites, through its ME Innovation Fund L.P. (ME Innovation Fund) and TOKYU-CNST GB Innovation Fund L.P. (TCIF). Pale Blue is a startup from the University of Tokyo, established in 2020 by members who have a world-leading track record in the research and development of propulsion systems for micro-satellites. Conventional propulsion systems for micro-satellites have various issues related to technology, price, size, etc. Based on the ion engine technology developed at the University of Tokyo, Pale Blue is developing water-based propulsion systems for micro-satellites to solve these issues. By using water as the ultimate clean fuel, the product takes into consideration the space environment and the safety of workers. The demonstration in space has already been completed, and Pale Blue is currently building a mass production facility. Global Brain has decided to invest in Pale Blue because of its advanced technology and competitive advantage. Through this investment, Global Brain will continue to support Pale Blue’s business development and product development for further growth. Global Brain announced its investment in Pale Blue through its KURONEKO Innovation Fund in October 2021 and June 2024.
https://globalbrains.com/en/posts/invested-in-pale-blue
https://globalbrains.com/en/posts/follow-on-investment-in-pale-blue

About Pale Blue

Location: Kashiwa-shi, Chiba, Japan
Representative: Jun Asakawa
Founded: April 2020
URL: https://pale-blue.co.jp/

About ME Innovation Fund

Name: ME Innovation Fund L.P.
General Partner: Global Brain Corporation
Fund Size: JPY 5 billion

About TCIF

Name: TOKYU-CNST GB Innovation Fund L.P.
General Partner: Global Brain Corporation
Fund Size: JPY 5 billion
Fund Term: 10 years

About Global Brain

Location: Tokyo, Japan
Representative: Yasuhiko Yurimoto
Founded: January 1998
URL: https://globalbrains.com

Global Brain has invested in Pale Blue Inc., a startup developing and manufacturing propulsion systems for micro-satellites