Mantis Space emerges from stealth with $10 million for solar-power constellation

SAN FRANCISCO – Mantis Space, a New Mexico startup planning a constellation to supply solar power to spacecraft, emerged from stealth March 12 with $10 million in seed funding.

"We are building a constellation of satellites that deliver power directly to solar arrays that exist in the market today and bringing products to market that tap in that infrastructure at a more advanced level than current solar arrays," Mantis Space CEO Eric Truitt told SpaceNews. "It's important to think about what power looks like now and what power looks like in the future.

Rule 1 Ventures and Montauk Capital, which incubated Mantis Space in its venture studio, led the seed round. With money raised, Mantis Space will focus primarily on expanding its 20-person workforce.