Magdrive
Aerospace & Defense · United Kingdom · 1-10 Employees
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Overview
Headquarters
bep0 Thomson Ave Bldg Unit 4, Didcot, Ox...Website
magdrive.spaceRevenue
<$5 MillionIndustry
ZI Rank: 1
Signal Type
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About Magdrive
Magdrive specializes in next-generation spacecraft propulsion, providing high-thrust electric propulsion systems tailored for the space industry. Their family of electric plasma thrusters, including the Rogue, Warlock, and SuperMagdrive, offers reliable and high-performance solutions for critical space missions. Targeting satellite servicing, defense applications, and constellation management, Magdrive aims to enhance the value of space logistics and servicing vehicles. The team comprises scientists, engineers, physicists, entrepreneurs, and designers dedicated to advancing space technology.Explore more
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Revenue
Number of Employees
Type
Funding
Founded In
Magdrive
<$5M
1-10
Private
$12.4M
2019
N/A
Company Profile Activity
Activity Insights
Magdrive is experiencing very low activity levels compared to other companies in the Manufacturing sector.
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Magdrive financials insights
Gather financial insights about Magdrive, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Other Financing Round
$1.9M
2025
Angel/Seed
$10.5M
Magdrive Tech Stack
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Magdrive News & Media
Magdrive Raises $10.5M in Seed Funding
Magdrive, a Harvell, U.K. electric propulsion startup, raised $10.5m in seed funding. Backers included redalpine, Balerion Space Ventures, Founders Fund, Alumni Ventures, 7percent Ventures, Outsized Ventures, and Entrepreneur First. The company intends to use the funds to develop its next generation plasma thrusters. Led by CEO Mark Stokes, Magdrive is developing the Rogue, a compact, […] The post Magdrive Raises $10.5M in Seed Funding appeared first on FinSMEs.Spacetech Magdrive secures $10.5M for sustainable space exploration
Oxfordshire-based spacetech Magdrive has raised $10.5M seed funding round led by pan-European VC Redalpine for space propulsion systems.Founders Fund, who led Magdrive’s first funding round, and Baler...Redalpine, Founders Fund back Magdrive’s electric thruster business
Orbital mobility took center-stage in the space industry last year, with venture capitalists funneling massive sums into startups developing tech for nimble satellite operations. So it’s no surprise that one of the most recent deals is to Magdrive, a UK-based startup that says its electric propulsion system for satellites will deliver a higher thrust in […] © 2024 TechCrunch. All rights reserved. For personal use only.Magdrive Signs Contract with D-Orbit to Test Their Electrical Propulsion System
Innovative Magdrive Rogue Thruster to be Demonstrated on D-Orbit’s ION Satellite Carrier with ESA's ScaleUp Program Support
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Magdrive specializes in next-generation spacecraft propulsion, providing high-thrust electric propulsion systems tailored for the space industry. Their family of electric plasma thrusters, including the Rogue, Warlock, and SuperMagdrive, offers reliable and high-performance solutions for critical space missions. Targeting satellite servicing, defen... Read More
