TDK Ventures Invests in Ethereal Exploration Guild’s Series A to Help Pioneer Rocket Cargo and the Future of Reusable Medium-Lift Space Launches
TDK CORP S/ADR (TTDKY)
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Source: Business Wire
Bengaluru, India-based Ethereal Exploration Guild is developing the world’s first fully (booster and upper stage) reusable medium-lift launch vehicle to tackle high costs and long wait times in orbital launchesBy investing in the Guild, TDK Ventures is helping fuel a revolution that will make space more accessible and sustainable, aiding in shaping the future of a $1.8-trillion industry SAN JOSE, Calif.--(BUSINESS WIRE)--TDK Corporation (TSE:6762) announced today that its corporate venture capital subsidiary, TDK Ventures, Inc., is investing up to $5 million in the Series A funding round of Bengaluru-based space technology company, Ethereal Exploration Guild. The investment backs the company’s mission to develop the world's first fully reusable medium-lift launch vehicle, the Razor Crest Mk-1.The Guild’s breakthrough approach is designed to disrupt the launch market by lowering orbital transport costs to a target range of $500–$1,000 per kilogram, a pricing point necessary to unlo
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