mPower Technology Closes Over $21M Series B Funding Round Led by Razor's Edge and Joined by Shield Capital

mPower Technology Closes Over $21M Series B Funding Round Led by Razor's Edge and Joined by Shield Capital

Latest Financing Will Ramp High-Volume Manufacturing and Accelerate Deployment for Next-Gen Space Missions

Silicon solar power specialist gets $21 million for mass production

New Mexico-based mPower Technology said May 8 it has raised about $21 million in a Series B funding round to mass-produce its silicon-based solar power modules. The post Silicon solar power specialist gets $21 million for mass production appeared first on SpaceNews.

mPower Technology Raises Over $21M Series B Funding

mPower Technologies, an Albuquerque, NM-based provider of solar power solutions for space, raised over $21M in Series B funding. The round was led by Razor’s Edge Ventures and joined by Shield Capital. The company intends to use the funds to further scale production capacity and continue the advancement of DragonSCALES. Led by CEO and President […] The post mPower Technology Raises Over $21M Series B Funding appeared first on FinSMEs.

mPower Technology Raises $21M Series B

Space solar power startup mPower Technology closed a $21M Series B to help scale production of its mini solar cells. Razor’s Edge Ventures led the round, which also included participation from Shield Capital. The funding allows mPower to expand its automated manufacturing line for its flexible solar array tech as well as grow its workforce, CEO Kevin Hell told Payload in a statement. “The entire space ecosystem is on the cusp of transformational…