AALTO announces $100M investment commitment from Japanese consortium
A Japanese consortium led by NTT DOCOMO and Space Compass committed to invest up to $100 million in AALTO through HAPS JAPAN, subject to closing conditions and regulatory approvals.
Evidence notes
- Mizuho Bank and the Development Bank of Japan joined the consortium.
- The commitment supports Zephyr industrialisation and HAPS commercialisation in Asia.
- Airbus Defence and Space would remain AALTO's majority shareholder.
Company context
AALTO designs, manufactures and operates the solar-powered Zephyr high-altitude platform for stratospheric Earth observation, government missions and communications services.