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 Source: vcnewsdaily.com

mPower Technology Nets $4.35M in Series A

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mPower Technology Nets $4.35M in Series A Back to HomeALBUQUERQUE, NM, mPower Technology has increased its Series A round to $4.35 million. Innovative solar technology company, mPower Technology, today announced it has closed an additional $1.85 million in Series A funding, bringing the company's total Series A round to $4.35 million. The additional capital will support the development, testing and sales of the company's DragonSCALES™ (SemiConductor Active Layer Embedded Solar) solar cell technology. The company has also made notable progress in the space solar power market with several large opportunities related to low-Earth orbit (LEO) satellite constellations. Dorian Rader, Managing Partner at NMA Ventures added, "We have invested in mPower Technology because of its game-changing product technology, and we are enthusiastic about supporting this early-stage company in the New Mexico region."

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