Japanese space tech startup Letara has secured ¥2.6 billion ($16 million) in its first major funding round, a Series A. This capital will enable the company to expand its hybrid rocket technology beyond small satellite thrusters into broader space, defense, and security markets. The round was co-led by Headline Asia, JIC Venture Growth Investment, and Incubate Fund, with participation from strategic investors like NES Corporation and Toyoda Gosei.