mPower Technology Raises Additional $1.85 Million in Series A Funding
The Californer/10070600

ALBUQUERQUE, N.M. - Californer -- 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 extension round included investments from Cottonwood Technology Fund, NMA Ventures, and various angel investors. The additional capital will support the development, testing and sales of the company's DragonSCALES™ (SemiConductor Active Layer Embedded Solar) solar cell technology. DragonSCALES enable disruptive, new approaches to many solar applications leveraging small advanced silicon cells integrated on a flexible substrate in a patented, highly interconnected architecture. They offer unprecedented improvements in system cost, weight, flexibility, resilience, and ease of installation and system integration.

More on The Californer

• MUENET Services Growing Customer Base With netElastic vBNG and CGNAT Networking Software
• Carlsbad Hotel Named Best of La Quinta Award Winner
• Scoop Social Co. Launches a New Era of Mobile Hospitality — One Truck, Two Experiences
• Record Sales Growth After Strategic Acquisitions; New Distribution Agreements for Established Premium Cigar Supplier: Green Leaf Innovations $GRLF
• R2 Copilot Addresses Critical Privacy Issues as Enterprise AI Spending and Security Incidents Rise

mPower Technology has gained significant market traction since the initial Series A investment, including the recent award of an SBIR (Small Business Innovation Research) contract from the US Army to develop and test solar modules for soldier portable and remote power applications.  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.

"Cottonwood looks for 'off-the-curve' innovations in hard science that we believe can introduce disruptive impacts to applicable markets," said David Blivin, Founder and Managing Partner, Cottonwood Technology Funds. "mPower's technology is uniquely positioned to transform the space power market through its significant cost and performance advantages, and this certainly fits with our focus."

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."

"We are experiencing tremendous interest in our DragonSCALES technology, not only for the rapidly growing aerospace market, but also for the terrestrial and IoT (Internet of Things) markets," said Kevin Hell, President and CEO of mPower Technology.  "This supplemental capital investment will provide runway for mPower to ready its innovative technology for large-scale production and rapidly secure large commercial contracts in the space market."

More on The Californer

• Geyser Data Announces Exclusive Value-Added Distributor in Brazil, Extreme Digital Solutions
• New Epstein Book Details Explosive New Factoids about Epstein-Trump
• Innovative Environmental Technologies Unveils New Website Featuring Free AI Tools for the Environmental Industry
• CCHR Warns: Psychiatric Diagnoses Without Biological Proof Now Used to Justify Euthanasia
• ISSE Services Named Awardee on $151B SHIELD Contract

About mPower Technology
mPower Technology is shaping the future of solar power with a revolutionary new technology called DragonSCALES™ (SemiConductor Active Layer Embedded Solar), a completely flexible, interconnected mesh of miniature solar cells. Leveraging well-established and affordable materials, processes, and tools from the silicon photovoltaic (PV) and microelectronics industries, DragonSCALES enable completely new design options for solar power, removing the constraints of existing silicon and gallium arsenide solar solutions, and enabling highly flexible, resilient, light-weight designs that can be rapidly deployed at extremely low cost. For further information, please contact info@mpowertech.com, or visit www.mpowertech.com.