Electric Power Development Co., Ltd. (J-POWER, headquartered in Chuo-ku, Tokyo; President: Toshifumi Watanabe) has made an additional investment in GITAI Japan Co., Ltd. (GITAI, headquartered in Ota-ku, Tokyo; CEO: Sho Nakanose), taking up GITAI's third-party allotment of shares to increase capital.

GITAI is one of the world's leading space robot startup companies. It aims to provide safe and affordable labor in space while reducing the cost of operations by a factor of 100. GITAI is developing high-performance, safe and reliable robots to enable the construction and maintenance of satellites, space stations, lunar bases and even cities on Mars.

J-POWER, an investor since its funding of GITAI Inc. (now GITAI) in June 2019, has made an additional investment as part of GITAI's recent increase in capital through a third-party allotment. With this new investment, we will continue to support GITAI's business expansion and acceleration of technology development in the United States.

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