Funding Details
- Awarder
- Inbox
- Date Award
- May 18, 2025
- Vertical
- Space Technology
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2019
- Traction
- Preparing to demonstrate its first two full-scale Rogue thrusters on orbit in June 2025.
- Founders
- Mark Stokes, Thomas Clayson
- Company Description
- Magdrive is a U.K.-based startup that has developed an electric propulsion system for satellites, utilizing solid metal propellant to generate high-energy plasma, achieving high thrust in a smaller form factor compared to existing systems.
- Market
- Electric Propulsion Systems for Satellites
- Location
-
United Kingdom
- Coinvestors
- Redalpine, Founders Fund, Balerion, Alumni Ventures, Outsized Ventures, 7percent Ventures, Entrepreneur First
Links