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Letara

Sapporo startup from Hokkaido University building hybrid rocket engines, which burn plastic fuel with a separate oxidizer, for satellites and launch vehicles. It raised about $16 million in 2026 and reports orders from rocket and satellite makers and Japan's government.

Products, by altitude

Low Earth orbit · 160–2,000 km

Launch · From the pad to orbit

Known rounds

DateRoundAmountLed by
Aug 2026Pre-Series A¥2.6BHeadline Asia, JIC Venture Growth Investments, Incubate Fund⁠1
Jun 2025Seed extensionUndisclosedFrontier Innovations⁠2
Mar 2025Seed¥650M—⁠3

Government awards

DateAgencyProgramAmount
Jun 2025NEDO (Japan)Deep-Tech Startups Support Program (DTSU), PCA phaseJPY 1B⁠4

Sources

  1. PayloadAug 21, 2026
  2. Letara press releaseJun 6, 2025
  3. Letara press releaseMar 11, 2025
  4. Letara press releaseJun 24, 2025
  5. Letara

Updated Oct 22, 2026 · How we source facts · Suggest a correction