TechCrunch Startup News Redalpine, Founders Fund back Magdrive’s electric thruster business
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Feb 27, 2025 Dive into the exciting world of satellite propulsion with groundbreaking innovations from a UK startup. Discover how their electric thruster technology could revolutionize space missions. The discussion highlights the startup's powerful system, funding journey, and its potential impact on the future of the space industry. Tune in to explore these thrilling advancements!
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MagDrive's Electric Propulsion System
- MagDrive's electric propulsion system offers high thrust and efficiency for satellites, unlike traditional chemical systems.
- This allows for new missions like satellite servicing and collision avoidance.
New Satellite Capabilities
- Efficient propulsion allows new satellite capabilities, including sustained rendezvous, collision avoidance, and unpredictable orbits.
- This is important for imaging, satellite servicing, and defense/intelligence applications.
MagDrive's Growth and Funding
- MagDrive, founded in 2019, has grown to a team of at least 20 and is preparing to demonstrate its thrusters in orbit this June.
- They've raised significant funding, including a seed round and grants, to reach this stage.