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South Australian-based space technology company Fleet Space has developed a smart platform in communication with a low-orbit satellite, which can identify critical minerals and speed up their extraction for use in clean energy technology. South Australia-based space company Fleet Space Technologies has announced a $150 million funding round that will be used to expand the capabilities of its global exploration platform, ExoSphere, to accelerate the discovery of critical minerals needed for Earth’s clean energy future. By integrating Fleet Space’s low-Earth orbit (LEO) satellites, smart seismic sensors, and AI into one end-to-end solution, ExoSphere technology streamlines the acquisition, processing, and integration of exploration datasets. This has the potential to provide the global mining industry with high-quality information faster than ever before, while minimising environmental impact. Fleet Space CEO and co-founder Flavia Tata Nardini said that in the two versions of the future, one is where the latest advances in space, AI and big data are leaning toward building a clean energy future. Another is where we risk net-zero energy targets slipping out of reach as the pace of new energy transition mineral discoveries continues to slow, Nardini said. “With ExoSphere, we have combined these technologies into a comprehensive platform that seamlessly integrates with and complements modern mining operations, making the frontier of exploration technology accessible to the global mining industry within a single workflow.” Nardini added that this is a crucial step towards unlocking humanitys potential to make spoil discoveries with a lower environmental impact. Fleet Spaces most recent funding comes from Teachers Venture Growth (TVG) and joins existing investors Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners and Alumni Ventures. Blackbird Partner Niki Scevak said the company is proud to continue investing in Fleet Space. “Simply put, the discovery of critical minerals must increase exponentially if we are to electrify our society by 2050, and breakthroughs like ExoSphere are needed to make that a reality,” he said. Founded by Flavia Tata Nardini, a former propulsion engineer at the European Space Agency (ESA), and Matt Pearson, an aerospace entrepreneur, Fleet Space was created to harness the capabilities of space exploration technologies for a new wave of solutions that can accelerate decarbonisation and the global energy transition. Over the past year, it has deployed ExoSphere to accelerate exploration in some of the most prospective areas on Earth with resource giants such as Rio Tinto and Barrick Gold, while delivering a real-time 3D imaging survey of Australia’s Macquarie Arc. |
