Magdrive raises €1.6M Pre-Seed round

17 December 2020· Harwell, United Kingdom· space, electric_propulsion, plasma_thrusters, deep_hardware, b2b

To accelerate the development of an in-orbit demonstration of the Magdrive plasma thruster at their Oxfordshire-based Lab at the European Space Agency Business Incubator.

Investors

LeadFounders Fund
Also participating
7percent VenturesEntrepreneur's FirstLuminous Ventures

About Magdrive

Stage
Seed
Headquarters
Harwell, United Kingdom
Founded
2019
Team Size
6–20
Sectors
spaceelectric_propulsionplasma_thrustersdeep_hardwareb2b

Source: https://uktn.co.uk/2020/12/17/backed-by-spacexs-investor-uk-based-startup-magdrive-grabs-1-4m-to-disrupt-space-travel/