Magdrive
Latest round
- Seed
Last raised
- Nov 2024
Total raised
- $10M
Investors
- 7
About Magdrive
Founded in 2019 in Oxfordshire, UK, Magdrive Limited focuses on creating high-performance electric plasma propulsion systems.9 million.Magdrive specializes in the development of advanced electric plasma thrusters, designed to deliver high-performance propulsion solutions for space missions. Their core products focus on reliable and storable electric propulsion systems, catering to the demands of next-generation spacecraft. These thrusters generate thrust through plasma technology, facilitating efficient maneuvering in diverse space environments.Magdrive generates revenue through direct sales of its electric plasma thruster systems to aerospace sector clients. Their transaction structure involves B2B agreements with private space firms and government organizations, integrating propulsion solutions into their spacecraft. Additional revenue streams may arise from partnership agreements for joint research and development projects aimed at enhancing propulsion technology. The company is focused on expanding into new geographic regions and markets, with specific strategies to enhance its presence in the global aerospace sector as it adapts to the increasing demand for innovative propulsion solutions.
Who invested in Magdrive
7 investors across 1 round
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Funding rounds
Seed
Nov 29, 2024
Amount
$10M
Investors
Questions about Magdrive
Who invested in Magdrive?
Magdrive has 7 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Magdrive raised?
Magdrive has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Magdrive last raise money?
Magdrive's most recent round on record is a Seed, in Nov 2024.
What does Magdrive do?
Founded in 2019 in Oxfordshire, UK, Magdrive Limited focuses on creating high-performance electric plasma propulsion systems.
Where is Magdrive headquartered?
Magdrive is headquartered in Oxfordshire, UK.
Which VCs invest in companies like Magdrive?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back aerospace companies at Magdrive's stage. Their profiles are linked below.
VCs backing aerospace startups at Seed
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