Magdrive raises €9.4M Seed round
25 February 2025· Harwell, United Kingdom· space, electric_propulsion, plasma_thrusters, deep_hardware, b2b
To continue research and development for its innovative high-thrust electric propulsion systems for all sizes of satellites, build a manufacturing facility in the UK, and establish a US office.
Investors
Leadredalpine
Also participating
Entrepreneur FirstAlumni VenturesFounders Fund7percent VenturesBalerion Space VenturesOutsized Ventures
About Magdrive
Stage
Seed
Headquarters
Harwell, United Kingdom
Founded
2019
Team Size
6–20
Sectors
spaceelectric_propulsionplasma_thrustersdeep_hardwareb2b
Source: https://tech.eu/2025/02/25/spacetech-magdrive-secures-10-5m-for-sustainable-space-exploration/