Germany’s InFin Takes over Mars One Project

In a meeting in Frankfurt on December 2nd, the shareholders of Mars One and InFin Innovation Finance voted to approve the takeover of Mars One by InFin. The takeover paves the way for new funding of the next phase of the Mars mission.

With the approval of the takeover and the new funding the next steps of Mars One’s mission to establish a permanent human settlement on Mars can now be pursued. Those steps include reducing the remaining 100 astronaut candidates to just 24, as well as continuing the mission design phase with Mars One’s technology suppliers.

“The board of InFin has received a strong mandate from its shareholders for the Mars One Ventures takeover. We’re looking forward to the exciting new steps that lay ahead,” said Professor Moritz Hunzinger, CEO of InFin.

The Mars One project aims to establish a permanent human settlement on Mars. Before carefully selected and trained crews will depart to Mars, several unmanned missions will be completed, establishing a habitable settlement waiting for the first astronauts to arrive.

Mars One consists of two entities: the Dutch Mars One Foundation (a not-for-profit) and a British public limited company Mars One Ventures PLC (Mars One Ventures). The Mars One Foundation implements, and manages the mission and owns the mission hardware. It also selects and trains the crews, and is building an ever growing community of experts and supporters that follow the progress of the mission and contribute to it.

More information about Mars One is available, here.

InFin Innovative Finance AG (Basel, Switzerland) provides innovative services within the scope of financing, setting up, building, acquiring, managing and selling companies and participations in companies at home and abroad as well as holding and managing licenses and patents of all kinds. After the completion of the full takeover of Mars One, the company will trade as “Mars One Ventures AG” and henceforth change its business purpose accordingly.

Photo credit: Material used in the preparation of this article has been drawn from Mars One.

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