Italian space technology company Astradyne has secured €2 million in seed funding to advance its Solar-Z project, an ultralight solar panel tailored for space use. The investment round, spearheaded by Primo Capital via the Primo Space fund, marks a significant step in enhancing satellite power systems, making them lighter and more efficient. Founded in 2021 in Bari, Italy, Astradyne aims to reduce launch costs and improve in-orbit performance. The company has completed incubation programs at I3P and ESA BIC Turin. With this funding, Astradyne plans to achieve Technology Readiness Level 9 for Solar-Z, conduct in-orbit tests on Low Earth Orbit satellites, and form partnerships with satellite manufacturers. Additionally, Astradyne is developing Solar-Y for terrestrial applications, adapting space innovations for use in construction, agriculture, and mobile energy systems. CEO Davide Vittori emphasizes the goal of providing cost-effective and rapidly deployable space power solutions. Investors express confidence in Astradyne’s potential, citing the team’s engineering prowess and vision for the market. The investment aligns with strategies to enhance space efficiency and sustainability, highlighting the competitive edge of Astradyne’s innovative materials and designs.
How is Astradyne revolutionizing solar power for the New Space Economy with a €2 million boost?
