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.
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.
