What is mPower Technology?
mPower Technology is an innovator in the renewable energy sector, best known for its revolutionary DragonSCALES technology. This product represents a departure from traditional rigid solar panels, utilizing a flexible, interconnected mesh of miniature solar cells. By repurposing materials and manufacturing tools from the silicon photovoltaic and microelectronics industries, mPower Technology effectively bypasses the limitations of conventional silicon and gallium arsenide solutions. The result is a lightweight, resilient, and highly adaptable solar architecture that can be deployed in diverse environments, from aerospace applications to remote terrestrial installations, at a significantly lower cost profile than legacy alternatives.
How much funding has mPower Technology raised?
mPower Technology has raised a total of $14.3M across 2 funding rounds:
Series A
$4.3M
Series B
$10M
Series A (2020): $4.4M with participation from Sandia National Laboratories, Sun Mountain Capital, NMA Ventures, and Cottonwood Technology Fund
Series B (2022): $10M led by Cottonwood Technology Fund and Hemisphere Ventures
Key Investors in mPower Technology
Cottonwood Technology Fund
An early-stage venture capital firm specializing in patent-based hard science and deep tech, with a focus on photonics, nanotechnology, and advanced materials.
Hemisphere Ventures
An investment firm operating in the USA and Singapore that focuses on fostering business growth through the strategic intersection of people, ideas, and technology.
Sun Mountain Capital
A Santa Fe-based private equity firm that manages diverse investment strategies including venture capital, private credit, and growth equity.
What's next for mPower Technology?
With the successful closure of its latest funding round, mPower Technology is poised to shift its operational focus toward mass-market commercialization and supply chain optimization. The company is expected to utilize these resources to expand its manufacturing footprint and deepen its partnerships within the aerospace and defense sectors, where the demand for lightweight, flexible power generation is acute. As the firm continues to refine its DragonSCALES platform, the strategic objective remains the establishment of a new industry standard for solar energy, moving beyond niche applications to address broader utility-scale and portable power requirements. Investors are closely monitoring the company's ability to maintain its competitive edge in deep tech while navigating the complexities of scaling hardware production in a volatile global market.
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