The new investment will be used to expand the capabilities of Fleet Space’s global end-to-end exploration platform, ExoSphere, to accelerate the discovery of critical minerals needed for Earth’s clean energy future.
Rick Prostko, Senior Managing Director, TVG, said:
“The ability to meet the rapidly increasing demand for critical minerals presents a significant challenge to achieving global net-zero targets. Current mineral exploration methods are inadequate for efficient discovery and production. Fleet Space addresses this with advanced 3D subsurface imaging and AI analysis tools, which have the potential to sustainably transform the industry. We are proud to support the multidisciplinary team at Fleet Space in their efforts to accelerate the global energy transition.”
Niki Scevak, Partner at Blackbird, added:
“We’re proud to continue our investment in Fleet Space, building on many years of history. Quite simply, the discovery of critical minerals must exponentially increase if we are to electrify our society by 2050 and breakthroughs, like ExoSphere, are needed to make it happen.”
