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The Rashid Rover Prepares For Its Lunar Exploration Mission

The UAE’s lunar mission will take off tomorrow, helping scientists figure out how to colonize new planets.

Published

2 years ago

November 29, 2022

the rashid rover prepares for its lunar exploration mission

Tomorrow (Wednesday, November 30th), at 12:39pm (Gulf Standard Time), the Emirati-made Rashid Rover will lift off on its mission to the Moon, while the entire Arab world looks on with pride at this huge milestone.

Rashid Rover, named after Sheikh Rashid bin Saeed Al Maktoum, will touch down on the southeastern edge of the Moon’s Mare Frigoris (Sea of Cold), from where it will begin capturing data from the vast, unexplored basins of the lunar surface.

Sending home over 10 gigabytes of scientific data and images, Rashid Rover will help scientists to study the lunar geology by supplying information on soil content, plasma levels, dust movement and other details. The advanced vehicle will carry out its mission using 3D cameras, motion sensor systems, and communication tools powered by solar panels.

As well as helping experts back on Earth to better understand our own origins, Rashid Rover will also be at the forefront of developing new technologies that could see humans colonizing the Moon and, eventually, Mars.

“The mission embodies the aspirations of the UAE. Rashid Rover will collect images and information that will allow the UAE to conduct comprehensive and integrated studies on how to build a human settlement on the Moon, prepare for future missions to study Mars and provide the scientific community with answers about the solar system and other planets,” says Mohammed Bin Rashid Space Centre in an official statement.

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To reach its destination, Rashid Rover will hitch a lift on SpaceX’s Falcon 9 rocket before making the final leg of the journey to the Moon’s surface using a lander called Hakuto-R M1. As the lander gets closer to the deck, the Japanese-made craft will first orbit the Moon in an elliptical trajectory before entering into a soft, vertical descent performed by fully-automated guidance systems.

Rashid Rover is the first of the UAE’s missions to the Moon, but it certainly won’t be the last. In September, MBRSC signed an agreement with the Chinese National Space Administration to begin joint projects and future lunar exploration, including sending another rover to the Moon on board Chang’e 7, which is expected to launch in 2026.

Related Topics:Space SpaceX United Arab Emirates

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

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Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.