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Energy
In a significant leap forward for renewable energy and space technology, Aetherflux, a space solar power startup founded by Robinhood co-founder Baiju Bhatt, has successfully raised $50 million in a Series A funding round. This substantial investment is set to propel Aetherflux's ambitious plans to harness solar energy in space and beam it back to Earth, addressing some of the most pressing energy challenges globally.
Aetherflux is pioneering a novel approach to solar energy by leveraging a constellation of small satellites in Low Earth Orbit (LEO) to collect and transmit power using infrared lasers. This method promises higher power output and reduces the need for large ground stations compared to traditional methods, which often require massive structures and microwave transmission technology. The startup's innovative strategy is designed to provide energy solutions for challenging environments, such as remote military bases, disaster-stricken areas, and isolated communities.
The $50 million Series A round, led by prominent investors such as Index Ventures and Interlagos, with participation from Bill Gates's Breakthrough Energy Ventures, Anduril, and other notable names, underscores the confidence in Aetherflux's technology. This total brings Aetherflux's funding to $60 million, including Bhatt's initial investment of $10 million.
"This significant investment will not only support our upcoming in-space demonstration but also drive our infrastructure development and talent acquisition," commented Bhatt in an interview. The fresh capital will enable Aetherflux to expand its team of engineers and invest in critical technology and infrastructure, pushing the boundaries of what is possible in space solar power.
Aetherflux's approach is built around utilizing Apex Space's Aries satellite bus, designed to support key satellite functions. By harnessing solar energy, Aetherflux aims to transmit up to a kilowatt of power via lasers to photovoltaic arrays on the ground, which convert and store the energy for later use.
While Aetherflux is making strides in this revolutionary technology, the challenges are significant. Skeptics highlight issues such as temperature fluctuations affecting satellites and the need for precise beam synchronization. However, with support from major investors and the U.S. Department of Defense, Aetherflux is well-positioned to overcome these hurdles and make space solar power a reality.
Aetherflux is gearing up for a pivotal demonstration in 2026, set to launch a satellite into Low Earth Orbit. This mission aims to prove the feasibility of space solar power by transmitting energy back to Earth, marking a critical step toward commercializing this technology.
Aetherflux's successful funding round and innovative approach signal a significant step forward in the pursuit of space solar power. As the world continues to seek sustainable and resilient energy solutions, startups like Aetherflux are pushing the boundaries of what is possible. With its technology poised to make a meaningful impact in global energy distribution, Aetherflux is an exciting example of how visionary ideas, once confined to science fiction, can become a tangible reality.
