Epson to Invest in Space Robot Development Startup GITAI
- TOKYO, Japan, March 1, 2021 -
Seiko Epson Corporation (TSE: 6724, "Epson") and its subsidiary Epson X Investment Corporation will subscribe in the third-party allocation of sales for GITAI Inc., a startup company developing general-purpose space robots, and invest in the company through their EP-GB Investment Limited Partnership.
GITAI is a Japanese startup company that aims to develop general-purpose robots for space stations, the surface of the Moon and Mars, as well as offer Raas (Robots as a Service). With space development increasing including resource development on the surface of the Moon, additional Mars exploration missions, and the commercialization of ISS, there will also be increased requirements for labor in space, including the construction of new space stations and bases on the Moon and Mars, as well as the removal of debris. However, even general labor in space has the potential to be dangerous and expensive due to the costs of training and transportation. In response to this, GITAI aims to lessen the risk and burden on astronauts, and dramatically decrease the overall cost of transportation and training when it comes to space labor through the development of general-purpose robots that can make space development both safe and affordable.
Epson will investigate the applicability of a variety of GITAI's core technologies including to robotic solutions, dispatch engineers to GITAI, and will actively promote open innovation through personnel exchanges.
Going forward, Epson will continue developing synergistic relationships through a variety of partnerships centered around its unique technologies, products, and services in order to contribute to a sustainable society.
About Epson X Investment
Epson X Investment Corporation is a Corporate Venture Capital (CVC) firm wholly owned by information equipment and precision instrument manufacturer Seiko Epson Corporation. It established the EP-GB Investment Limited Partnership with independent venture capital firm Global Brain Corporation, an independent venture capital firm specializing in CVC management, and participates in investment activities.
Website URL: https://www.epson-exi.com/en/
GITAI is developing general-purpose robots that make labor safe and affordable in the below space territories.
- Work inside and outside space stations.
- Docking, lifespan-increasing efforts, repair work, and maintenance work for orbital services (increasing the lifespan of satellites, removing debris).
- Exploration and base development on the moon.
A technical demonstration of the capability of GITAI robots to do general labor is scheduled to take place on the ISS (the International Space Station) in summer of 2021
Company name: GITAI Inc., GITAI USA (U.S. branch)
CEO: Nakano Sho
Epson is a global technology leader dedicated to becoming indispensable to society by connecting people, things and information with its original efficient, compact and precision technologies. The company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics. Epson is proud of its contributions to realizing a sustainable society and its ongoing efforts to realizing the United Nations' Sustainable Development Goals.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion.