MP Space Secures $16 Mn Seed Funding Led by Blackbird to Build Spacecraft Batteries

The funding round also included British space investor Seraphim Space, which is making its investment in an Australian company, alongside Systemiq Capital. Existing investors Speedinvest and MFV Partners also joined in.

Funding to Expand Spacecraft Battery Production

Manufactures battery systems for spacecraft. The company wants to build an electrical power system that is made for high-volume manufacturing.

An electrical power system. Manages the power required to run a spacecraft. MP Space is working on its technology to meet the rising need for power systems as more satellites are launched and more spacecraft are built.

The new funding will help the company grow its manufacturing abilities and improve its spacecraft power technology.

MP Space. Growth

The company says its battery technology has been chosen for than 460 spacecraft. MP Space also plans to ship over 100 systems in 2026.

The company is working on building flight heritage for its systems in Earth orbit. This goal is expected to be reached in the quarter of 2026 according to the information given.

Founders Bring Tesla Battery Experience

MP Space was started by Jay Manley and Sam Paterson, who used to work at Tesla on energy storage and battery programs including Powerwall and the Model 3 battery pack.

Their background in battery engineering and energy storage helps them create power systems that are made for spacecraft.

The company is located in Sydney, Australia. It focuses on making battery technology for satellites and other space uses.

About MP Space

MP Space is an Australian space technology startup founded in 2021 by Jay Manley and Sam Paterson. The company. Makes batteries and electrical power systems, for satellites and spacecraft. Its goal is to develop power technology that can be scaled to meet the growing needs of the space industry.

Read Also - Matiks Closes $10 Mn in Pre-Series A Funding Led by General Catalyst to Expand Globally