mPower Technology, a leading innovator in flexible solar power for space applications, has received a strategic investment from Lockheed Martin Ventures, the venture capital arm of Lockheed Martin Corporation. The investment supplements mPower’s recent Series B funding round, bringing total capital raised to over $24 million.
The funding will advance production of DragonSCALES, mPower’s flagship solar module platform. Built for flexibility, resilience, and cost-efficiency, DragonSCALES enables novel spacecraft designs and supports a wide range of mission profiles. The technology is already in use across several high-profile programs, including Airbus Netherlands B.V.’s Sparkwing arrays, which will power MDA’s AURORA satellites and constellations such as Telesat Lightspeed and the next-generation Globalstar system.
Production is underway at mPower’s automated facility in Conklin, New York, operated in partnership with Universal Instruments Corporation. The site is expected to produce over two megawatts of DragonSCALES annually, surpassing the combined output of legacy gallium arsenide (GaAs) solar suppliers.
Lockheed Martin Ventures joins Razor’s Edge Ventures and Shield Capital in the Series B round, reinforcing mPower’s role in delivering technologies critical to national security and resilient space infrastructure. With over 12 years of on-orbit heritage, mPower is a trusted supplier to aerospace leaders, including Airbus, Blue Origin/Honeybee, Firefly Aerospace, Lynk Global, and Gravitics.
KEY QUOTES:
“We are honored to welcome Lockheed Martin Ventures as a strategic investor. Lockheed Martin brings deep mission expertise and a bold vision for the future of space and national defense. Their support is a validation of our role in enabling rapid, scalable, and cost-effective solar power across the new space economy and in support of U.S. security priorities.”
Kevin Hell, president and CEO of mPower Technology
“Space has never been more important to national security, and affordable, reliable power is a mission-critical enabler for future space operations. The technology in development by mPower solves some of the hard challenges in unique and innovative ways—opening new doors for spacecraft design, power production, and scalability. We’re excited to support their continued growth and development as we advance U.S. leadership in space exploration.”
Chris Moran, vice president and general manager of Lockheed Martin Ventures
