Italian startup Astradyne has successfully raised €2 million in seed funding to advance the development of its innovative Solar-Z product, a lightweight solar array aimed at enhancing the performance of small satellites. Founded in 2021, Astradyne focuses on creating deployable solar arrays that are lighter, more compact, and efficient than current offerings. Alongside Solar-Z, the company is also developing Solar-Y, a product line intended for terrestrial applications.
The recent funding will expedite the in-orbit qualification of the solar array, aiming for Technology Readiness Level 9, which signifies a system that is fully tested and operational. The funds will also aid in securing initial agreements with satellite integrators and manufacturers.
Davide Vittori, CEO of Astradyne, emphasized that the funding will accelerate their path to in-orbit qualification and bolster their technology roadmap, while also exploring technology transfer opportunities for Earth-based applications where lightweight photovoltaic solutions are crucial.
The €2 million seed round was led by Milan-based venture capital firm Primo Capital through its Primo Space fund, which has previously invested in various European space startups. The round also saw participation from Galaxia, the National Technology Transfer Hub for Aerospace, CDP Venture Capital, and Obloo Ventures.
