mPower Technology

mPower Technology is an innovative U.S -based company specialising in advanced solar power solutions for space applications. The company’s proprietary DragonSCALES™ technology offers a new approach to solar modules – it is a flexible, lightweight solar cell array that can be produced at scale, making it ideal for modern satellites and spacecrafts. With over a decade of on-orbit heritage, mPower has established itself as a trusted provider of reliable space solar power systems for both commercial and defence missions.

Their customer base includes major aerospace and defence players such as Airbus, Blue Origin/Honeybee, Firefly Aerospace, and Lynk Global. To meet growing demand, mPower recently implemented a high-volume automated production line in Conklin, New York. This facility is capable of manufacturing over 2 megawatts of DragonSCALES solar modules annually – a capacity greater than the entire combined output of traditional Gallium Arsenide (III-V) space solar panel suppliers. This expanded production capability enables mPower to support large-scale programs like Airbus’ AURORA satellite initiative.

When mPower decided to raise a Series B funding round, they sought a financial advisor with deep sector expertise and global investor reach. The company chose Silverpeak as its exclusive financial advisor because of our track record in guiding frontier technology companies and our ability to connect with specialised investors in the space and national security sectors. Silverpeak’s understanding of the space tech landscape and extensive network meant we could effectively communicate mPower’s equity story to the right investors and highlight its strategic value.

We worked closely with mPower throughout the fundraising process to ensure the best outcome. Our team helped refine and articulate mPower’s business case – showcasing its unique technology, market traction, and strategic importance – in a way that resonated with sophisticated investors. We also leveraged Silverpeak’s global network to identify and engage venture capital firms and strategic players whose focus aligned with mPower’s vision, including investors well-versed in aerospace and defence technology.

At every step, Silverpeak provided guidance to navigate the complexities of the transaction. We coordinated due diligence efforts, streamlined communications between mPower and potential investors, and negotiated terms that aligned with our client’s growth objectives. The mPower leadership team appreciated how we steered the process smoothly and secured high-quality strategic backers who bring more than just capital to the table.

The round brought onboard key financial investors with deep expertise in national security and space technologies. The funding will enable mPower to scale manufacturing, advance its DragonSCALES technology, and deliver key contracts – including over 1.1MW of solar modules for Airbus’ AURORA programme (value > $50m) – positioning the company for significant growth in the space power sector.