Offworld

Based in California, Offworld specializes in developing aerospace robotics. As of May 2022, it was developing a first-of-its-kind universal industrial robots that can work under human supervision to be purposed for heavy-duty industrial work on the moon, asteroids, and Mars. The company is working toward designing robots that will be traininable for mining in earth, moon, Mars, and asteroids as well as to capture and process space debris. The larger purpose of the company is for expansion of human life beyond earth.

Offworld has a 70,000 sqft facility in California equipped with labs, workshops, and offices and has two other locations in Johannesburg and Luxembourg. In February 2023 , the company began operation of Offworld Europe in Luxembourg, run by Managing Director Kyle Acierno, former CEO of ispace. As its first project, Offworld Europe planned to operate a multi-year program focussed on the developing and deploying robotic technologies for the extraction and storage of volatile resources.

Funding and financials

The company’s revenue model involves leasing and software leasing, and the company aims to earn between USD 160 million and USD 250 million in revenue by 2026 through three customers completely deployed in four mines.

In its last funding round in December 2021, the startup raised an undisclosed amount in a Series A funding round led by Starbridge venture capital. The funds were to be mainly allocated for ~20 months of productization of the primary set of mining robots, while 10% of funds would go toward business development in other market segments such as aviation, space, environmental remediation, and construction.