What is mPower Technology?
Founded in 2015 and headquartered in Albuquerque, New Mexico, mPower Technology specializes in the development of ultralight, flexible solar-cell technology. Its flagship product, DragonSCALES, represents a paradigm shift in space-grade power generation, offering unparalleled scalability and resilience compared to traditional rigid solar panels. By leveraging advanced materials science, the company addresses the specific challenges of satellite constellations, lunar missions, and complex space logistics. mPower operates at the intersection of renewable energy and aerospace engineering, focusing on rapid, economical production cycles that enable high-performance applications in harsh space environments. Their market position is bolstered by strategic manufacturing partnerships that facilitate the transition from research-stage innovation to large-scale industrial deployment.
How much funding has mPower Technology raised?
mPower Technology has raised a total of $21M across 1 funding round:
Series B
$21M
Series B (2025): $21M with participation from Shield Capital, Cottonwood Technology Fund, and Razor's Edge Management
Key Investors in mPower Technology
Shield Capital
Shield Capital is a team of veteran investors, founders and national security leaders who are helping founders build frontier solutions in cybersecurity, artificial intelligence, space & autonomy for commercial and government enterprises.
Cottonwood Technology Fund
Cottonwood Technology Fund is an early-stage venture capital fund focused on investing in patent-based hard science and deep tech startups primarily located in the Southwest USA and Northern Europe.
Razor's Edge Management
Razor's Edge Ventures specializes in investing at the intersection of national security and commercial enterprise, providing support and resources to enhance the development of rapidly-growing technology companies.
What's next for mPower Technology?
With this latest infusion of capital, mPower Technology is poised to scale its manufacturing capabilities and deepen its penetration into the global space economy. The company's roadmap likely includes the optimization of its DragonSCALES production lines to meet the increasing volume requirements of low-earth orbit (LEO) satellite constellations. Furthermore, the strategic backing from investors with deep ties to national security and frontier technology suggests that mPower will continue to prioritize dual-use applications, ensuring their solar solutions remain at the forefront of both commercial and defense-related space missions. As the firm moves beyond its current growth phase, the focus will shift toward establishing new industry standards for space-based power, potentially setting the stage for future expansion into broader energy infrastructure markets.
See full mPower Technology company page
