Mantis Space Raises $10 Million to Develop Orbital Solar Energy Satellite Network
Mantis Space has secured over $10 million to build a satellite constellation that will transmit solar energy via lasers. This initiative aims to power satellites in low Earth orbit when they pass into the Earth's shadow, addressing a long-standing challenge in space economics. The funding, led by Rule 1 Ventures and Montauk Capital, will support the prototype development and team expansion for a planned technology launch in early 2028.
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Mantis Space, a New Mexico-based startup, has raised over $10 million to develop a constellation of satellites capable of transmitting solar energy via lasers. This project addresses a fundamental issue where low Earth orbit satellites spend about one-third of their time in darkness, depleting their energy reserves.
The proposed satellites will operate in higher orbits, continuously exposed to sunlight, and provide energy on demand to satellites in shadow. The system is expected to be 20-30% more efficient than direct solar light. The first technology launch is scheduled for early 2028, with potential for significant ROI for satellites benefiting from this energy source.
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