Bari-based SpaceTech company Astradyne secured €2 million in Seed funding. Primo Capital, through its Primo Space fund, led this Astradyne SpaceTech funding round. This capital will accelerate development of Astradyne's ultralight solar panels.
Astradyne develops Solar-Z, an ultralight solar panel specifically designed for space applications. This technology aims to provide lighter, cheaper, and faster-to-deploy power generation systems. Consequently, it addresses current in-orbit photovoltaic bottlenecks, unlike traditional solutions from firms like Oxford PV.
Accelerating In-Orbit Qualification and Terrestrial Expansion
The round also included Galaxia, the National Technology Transfer Hub for Aerospace. Obloo Ventures, an existing pre-Seed investor, further contributed to the Astradyne SpaceTech funding. Additionally, Eureka! Fund I, Technology Transfer and the Puglia co-investment fund joined, both managed by Eureka! Venture SGR.
Founded in 2021, Astradyne creates photovoltaic solutions for the New Space Economy. Its mission involves making satellite power systems lighter, more compact, and more efficient. This significantly reduces launch costs and increases in-orbit performance for satellite technology.
The investment targets Technology Readiness Level (TRL) 9 for Solar-Z. This includes completing in-orbit testing onboard Low Earth Orbit satellites.