mPower Technologies Secures $21M in Series B Funding to Expand Solar Power Innovations
Albuquerque, NM – mPower Technologies, a pioneer in solar power solutions for aerospace applications, has raised over $21 million in a Series B funding round led by Razor’s Edge Ventures, with participation from Shield Capital. This significant investment aims to enhance the company’s production capacity and accelerate the development of its innovative product, DragonSCALES.
DragonSCALES is a cutting-edge technology composed of a flexible, interconnected mesh of miniature solar cells. Designed to leverage established materials and processes from the silicon photovoltaic and microelectronics sectors, DragonSCALES promises to offer unprecedented flexibility and cost-effectiveness in solar power design. This breakthrough mitigates the limitations of traditional silicon and gallium arsenide systems, paving the way for rapid deployment in various applications.
Under the leadership of CEO and President Kevin Hell, mPower Technologies has attracted attention from major players in the aerospace industry, including Airbus, Blue Origin/Honeybee, Firefly Aerospace, and Lynk Global, among others. The company’s unique solar solutions cater specifically to the growing demand for renewable energy in space exploration and associated technologies.
This funding round follows a previous Series A financing led by Cottonwood Technology, marking an essential milestone in mPower’s journey to transform the solar power landscape.
With this financial boost, mPower Technologies is poised to enhance its product offerings and solidify its position as a leader in solar innovations tailored for the aerospace sector. The company’s advancements highlight a significant step forward in sustainable energy solutions, emphasizing the importance of flexibility and rapid deployment in the growing field of renewable energy technologies.
For further information, visit mPower Technologies’ website or follow their latest developments on social media.
Source
Photo credit www.finsmes.com
