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.