Italian startup Astradyne, which develops foldable solar panels for space and Earth, has secured €2 million in a seed funding round led by Primo Capital.
- Founded in 2021, Astradyne develops deployable structures and photovoltaic solutions for use in space and on Earth.
- The company’s core technology is a proprietary manufacturing process that integrates electronic components into a textile-based substrate, making solar panels lighter, foldable, and more durable.
- Its main product, SolarCube, is a plug-and-play solar array for satellites designed to double power output at the same mass and volume, reduce weight by up to 60% for equivalent power, and lower costs by as much as 90% compared to conventional systems.
- By combining origami-inspired folding techniques with advanced materials, Astradyne enables compact solar panels that can be stored efficiently during launch and deployed once in orbit, addressing one of the biggest challenges in satellite missions: the need for efficient and scalable energy generation.
Details of the deal
- The investors are Primo Capital through the Primo Space Fund, Galaxia, Obloo Ventures, Eureka! Fund I – Technology Transfer, and the Puglia co-investment fund.
“Astradyne, our seventeenth investment, enriches a diversified portfolio spanning nearly every field of the Space Economy in Italy and Europe," claims Matteo Cascinari, General Partner of Primo Space Fund.
- Astradyne will use the new funding to advance the qualification of its Solar-Z ultralight panels, aiming to reach TRL 9 and carry out in-orbit testing on Low Earth Orbit satellites, while also building partnerships with satellite manufacturers and integrators.
- At the same time, the company is developing Solar-Y. This terrestrial product line adapts its space technologies for applications in sectors such as construction, agriculture, and mobile energy systems.
