AALTO announces conditional investment of up to $100 million
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
- The consortium also included Mizuho Bank and the Development Bank of Japan.
- The investment was intended to support Zephyr industrialisation and HAPS commercialisation in Japan and Asia.
- Airbus Defence and Space was to remain AALTO's majority shareholder; the release did not establish a completed $100 million cash close.
Company context
AALTO designs, manufactures and operates the solar-powered Zephyr high-altitude platform for stratospheric Earth observation, government missions and communications services.