Global Brain has invested in Pale Blue Inc. (Pale Blue), a startup developing propulsion system for micro-satellites, through its KURONEKO Innovation Fund L.P. 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. Propulsion systems for micro-satellites have various issues related to technology, price, size, etc. Accordingly, there are almost no propulsion systems available in the market. Based on the ion engine technology developed at the University of Tokyo, Pale Blue is developing a water-fueled propulsion system for micro-satellites. By using water as the ultimate clean fuel, the product takes into consideration the space environment and the safety of workers. Several space demonstration projects are already underway, including the installation of demonstration equipment on JAXA's Innovative Satellite Technology Demonstration-3, and more research and development will be conducted in the future. Global Brain 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. ## About Pale Blue

Location: Kashiwa-shi, Chiba, Japan

Representative: Jun Asakawa

Founded: April 2020

URL: https://pale-blue.co.jp/

## About KURONEKO Innovation Fund L.P.

Name: KURONEKO Innovation Fund L.P.

General Partner: Global Brain Corporation

Fund Size: 5 Billion JPY

## 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 propulsion system for micro-satellites