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AEROSPACE NEWS

Italian Startup ORiS Raises $5.7M for Laser Power-Beaming Tech

Key Takeaways
  • ORiS raises $5.7 million for laser power-beaming technology.
  • Funding to support development and space testing.
  • Technology aims to transmit power to satellites using lasers.
  • ORiS plans two demonstration missions in 2027.
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Strategic Implications

This investment may indicate growing interest in wireless power-beaming technologies for satellites, which could enable more efficient and compact spacecraft designs. ORiS' approach suggests a focus on supporting smaller spacecraft and a network of satellites, which could have implications for the future of space-based services and infrastructure.

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What Happened

Funding Boosts Development of Wireless Power Transmission for Satellites

Italian startup ORiS has secured $5.7 million in funding to develop its laser power-beaming technology for satellites. The company plans to use the funding to test its technology in space next year, with two demonstration missions scheduled for 2027. ORiS’ technology uses lasers to transmit power to satellites, which could enable more efficient and compact spacecraft designs. The funding round was led by Earlybird and co-led by Pitchdrive, with participation from several other investors. This development was first reported by SpaceNews.

Source | Originally Published: July 21, 2024

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JUMPSEAT
AEROSPACE NEWS
JUMPSEAT
AEROSPACE NEWS

Italian Startup ORiS Raises $5.7M for Laser Power-Beaming Tech

Sponsored by: Jumpseat Solutions
Key Takeaways
  • ORiS raises $5.7 million for laser power-beaming technology.
  • Funding to support development and space testing.
  • Technology aims to transmit power to satellites using lasers.
  • ORiS plans two demonstration missions in 2027.
Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.
Sign In
Silver membership required Upgrade to Silver to access Key Takeaways.
Upgrade
Strategic Implications

This investment may indicate growing interest in wireless power-beaming technologies for satellites, which could enable more efficient and compact spacecraft designs. ORiS' approach suggests a focus on supporting smaller spacecraft and a network of satellites, which could have implications for the future of space-based services and infrastructure.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.
Sign In
Silver membership required Upgrade to Silver to access Strategic Implications.
Upgrade

What Happened

Funding Boosts Development of Wireless Power Transmission for Satellites

Italian startup ORiS has secured $5.7 million in funding to develop its laser power-beaming technology for satellites. The company plans to use the funding to test its technology in space next year, with two demonstration missions scheduled for 2027. ORiS’ technology uses lasers to transmit power to satellites, which could enable more efficient and compact spacecraft designs. The funding round was led by Earlybird and co-led by Pitchdrive, with participation from several other investors. This development was first reported by SpaceNews.

Source | Originally Published: July 21, 2024

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