# MAGDRIVE

**Source:** https://www.startuphub.ai/startups/magdrive
**Profile type:** Startup

> Develops next-generation, high-thrust electric plasma propulsion systems for the space industry.

## About

Magdrive develops and manufactures advanced electric plasma propulsion systems for satellites and spacecraft. Their thrusters utilize solid metal propellant and onboard energy storage to generate high-energy plasma, offering significantly higher thrust levels than traditional electric propulsion systems of similar size. Their products are designed for applications such as satellite servicing, defense, and constellation management.

## Key facts

- **Slug:** magdrive
- **Website:** https://www.magdrive.space/
- **Location:** Harwell, United Kingdom
- **Founded:** 2019-01-01
- **Employees:** 40
- **Operating status:** Active
- **Total funding:** $13M
- **Sectors / tags:** SpaceTech, Satellite Propulsion, Electric Propulsion, Plasma Thrusters, Aerospace, Advanced Manufacturing, Defense Tech
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/magdrive-ltd
  - Twitter: https://x.com/magdrive

## Frequently asked

### What does MAGDRIVE do?

Magdrive develops and manufactures advanced electric plasma propulsion systems for satellites and spacecraft. Their thrusters utilize solid metal propellant and onboard energy storage to generate high-energy plasma, offering significantly higher thrust levels than traditional electric propulsion systems of similar size. Their products are designed for applications such as satellite servicing, defense, and constellation management.

### What is MAGDRIVE's revenue?

StartupHub estimates MAGDRIVE's annual revenue at $17.2M (range $10.6M to $29.8M, 71% confidence), based on comparable companies in the sector.

### What is MAGDRIVE's valuation?

StartupHub estimates MAGDRIVE's effective valuation at $49.2M (range $31.3M to $75.0M, 20% confidence), based on comparable companies in the sector.

### How much funding has MAGDRIVE raised?

MAGDRIVE has raised a total of $13M in funding. The most recent round on record is Seed.

### Where is MAGDRIVE headquartered?

MAGDRIVE is headquartered in Harwell, United Kingdom.

### When was MAGDRIVE founded?

MAGDRIVE was founded in 2019.

### What industry does MAGDRIVE operate in?

MAGDRIVE operates in SpaceTech, Satellite Propulsion, Electric Propulsion, Plasma Thrusters, Aerospace, Advanced Manufacturing.

### How many employees does MAGDRIVE have?

MAGDRIVE has approximately 40 people on record.

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