# Space Power Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/space-power-technologies

- Industry: Power & Utilities
- Headquarters: Kyoto, Japan
- Website: www.spacepowertech.com
- Total disclosed funding: $2.1M
- Latest round: Seed (Sep 4, 2019)
- Investors on record: 6

## About

Based in Japan, Space Power Technologies Inc. specializes in advanced wireless power transfer technologies, focusing on innovative solutions that eliminate the need for traditional power sources, facilitating energy use in various applications.Founded in 2019 in Kyoto-shi, Japan, Space Power Technologies Inc. develops cutting-edge wireless power transfer systems. The company has completed a total of 5 deals, with its most recent funding round occurring on July 31, 2023. In this round, it raised JPY 30 million from Bank of Kyoto and Kyoto Capital Partners. The company was co-founded by Amer Alomari and Dina Hafez, with Elena Koroleva serving as CEO.Space Power Technologies (SPT) specializes in wireless power transfer solutions, primarily utilizing microwave technology to enable efficient energy delivery without the need for traditional wiring or charging methods. Their innovative systems are designed to facilitate a "society where energy can be used anywhere," addressing challenges associated with conventional power supply methods. The core applications of SPT’s offerings include powering various devices in diverse settings, such as healthcare facilities, smart devices, and potentially even in space exploration contexts. The target customer base for these technologies encompasses businesses across multiple industries, including healthcare and technology, which require reliable and flexible power solutions. SPT's product offerings are marketed in regions such as Asia and Europe, where there is a growing demand for advanced power delivery systems.The revenue structure of Space Power Technologies is driven by B2B transactions, where the company engages with corporate clients requiring advanced wireless power solutions tailored to their operational needs. Clients may enter into partnerships or contracts that stipulate the deployment and maintenance of SPT's systems, ensuring a consistent revenue stream for the company. Pricing models may vary based on the scale of implementation, with potential considerations for factors such as installation costs, ongoing service agreements, and customizations to meet specific client demands. SPT’s flagship offerings revolve around its proprietary microwave wireless power transfer technology, which positions them competitively in the energy and technology markets, enhancing their revenue potential through innovative applications and solutions.In July 2023, Space Power Technologies Inc. raised JPY 30 million in venture funding, aimed at supporting its research and development initiatives. The company plans to enhance its product line with new wireless power solutions and expand into new geographic markets, specifically targeting regions in Asia and Europe by 2025. This funding will support ongoing innovation and scaling of their existing technologies, enabling SPT to meet increasing demand in these growing markets.

## Funding rounds

- Seed, Sep 4, 2019, $0.5M — Chushin Venture Capital, Monozukuri Ventures, Kyoto Capital Partners
- Seed, Jun 5, 2019, $1.7M — MIRAIDOOR, Kyoto University Innovation Capital, K4 Ventures

## Investors

- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Seed
- Kyoto University Innovation Capital (https://capitalatlas.ai/funds/kyoto-university-innovation-capital) — Seed
- K4 Ventures (https://capitalatlas.ai/funds/k4-ventures) — Seed
- Chushin Venture Capital (https://capitalatlas.ai/funds/chushin-venture-capital) — Seed
- Monozukuri Ventures (https://capitalatlas.ai/funds/monozukuri-ventures) — Seed
- Kyoto Capital Partners (https://capitalatlas.ai/funds/kyoto-capital-partners) — Seed