mPower's $21M Series B Infuses Solar Energy Into Space Ventures
mPower Technology secures $21M Series B to revolutionize space solar power and expand production of its groundbreaking DragonSCALES technology.
Space solar power startup mPower Technology has successfully closed a $21M Series B funding round, a momentous occasion marking a significant leap towards scaling its innovative mini solar cell production. With Razor’s Edge Ventures leading the initiative and Shield Capital joining in, this funding heralds a new era for space solar power solutions. This financial injection is poised to not only bolster mPower’s manufacturing capabilities but also expand its workforce, crucial steps toward redefining solar energy in space exploration.
Betting on mPower’s Potential
The Albuquerque-based mPower Technology is no ordinary player in the space industry. A spinoff from Sandia National Laboratories, it has carved a niche with its patented DragonSCALES technology. This innovation is a flexible, lightweight mesh made of miniature solar cells that can power a wide array of space ventures—from LEO constellations to lunar and Martian missions. According to mPower, DragonSCALES has already proven its mettle by reaching orbital success on a Lynk Global satellite in 2021, establishing mPower as a trusted provider of space solar solutions.
A Vision for Space, Fueled by Solar Power
As more satellites and space missions pour on the drawing board, the demand for efficient and reliable solar power options intensifies. mPower Technology is at the helm of this transformative growth within the space ecosystem. According to Mark Spoto of Razor’s Edge, the assurance they hold in mPower is rooted in real-world results—showcasing its impact and potential across diverse space endeavours. Clearly, mPower’s contributions are indispensable as they provide the much-needed energy solutions that enable these high-tech ventures. “Our solar solutions are not just theoretical; they are delivering unparalleled value and functionality in real-time,” he noted.
Forging New Frontiers: The Airbus Collaboration
With the Series B funds, mPower is set to accelerate its delivery of DragonSCALES to Airbus, powering over 200 satellites. This strategic contract exemplifies mPower’s expanding footprint in the space energy sector, where cutting-edge technology meets industry needs. The collaboration underlines a future where DragonSCALES isn’t just a solar solution but a staple in space missions due to its performance resilience in cold and varied lunar climates.
The Road Ahead: Eyes on the Moon and Mars
Looking into the future, mPower Technology has its sights set on the Moon and Mars as the Trump administration pivots focus toward these celestial bodies. This direction aligns perfectly with DragonSCALES’ adaptability, hinting at its critical role in future lunar expeditions. “Our technology’s robustness in the cold and flexible design positions it effectively for diverse lunar applications,” CEO Kevin Hell expressed confidently.
With the space economy poised for explosive growth, mPower Technology stands ready with its novel products to illuminate the future of space exploration. According to Payload Space, with innovation and sustainability at its core, mPower is paving new paths in powering the cosmos.
