Joint Venture with EU Lunar Space Tech Company

Project Overview

A cutting-edge space technology company based in Hungary is seeking a Joint Venture partner to access the resources required to fulfil their ambitious mission of becoming the first commercial entity to land a rover on the lunar south pole. This milestone project aims to explore and utilize lunar resources, making a crucial step toward humanity’s sustained presence on the Moon.

The company is leading the effort to build the first Hungarian Rover to reach the moon, with a specific focus on exploring the polar regions to uncover water ice and support In-Situ Resource Utilization (ISRU) activities. Its technical proficiency spans various disciplines, including space environments, payload development, environmental testing, mission control and more. 

Over the years, working towards their mission, the company has formed strategic partnerships with prestigious organizations like NASA and the European Space Agency (ESA).

Accelerator Program

The company is aiming to be a part of the BSGN’s Space Resources Accelerator Program, which is an ESA Initiative, designed for commercial entities capable of developing solutions for the lunar resources value chain.

On successful participation in the program, the company aims to achieve:

• The support to advance the technical and commercial maturity of their lunar space resources technologies.
• Co-funding for commercial projects based on lunar economy.

Transaction

The company is seeking a Joint Venture partner or a strategic investor who can collaborate on this ambitious mission of landing the first ever rover on the lunar south pole. 

Rationale: 

• Technology Access: Indian companies partnering with this venture will gain access to cuttingedge space technology, allowing them to bring it to the Indian markets and leveraging it for space and defense applications.
• ESA’s Business in Space Growth Network: The company is positioning itself to participate in the Space Resource Accelerator Program, a major initiative of ESA's BSGN, which offers funding and support to advance technologies for lunar resources exploration.
• Opportune Market Gap: Nasa’s recent cancellation of VIPER (a 430 kg rover) mission to explore the lunar poles due to budget and scheduling issues has created a demand for cost-effective, lightweight lunar exploration assets. This provides an ideal opportunity for the company to exhibit their expertise and lead the next phase of lunar exploration