Location: United Kingdom, England, Didcot
Employees: 11-50
Total raised: $1.9M
Founded date: 2020
Investors 2
| Date | Name | Website |
| - | Outsized V... | outsized.v... |
| 07.12.2020 | Luminous V... | luminous.v... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 17.12.2020 | - | $1.9M | - |
Mentions in press and media 3
| Date | Title | Description |
| 17.12.2020 | Magdrive secures seed funding for new propulsion system which could take us to the stars | A startup with a new type of spacecraft propulsion system could make the interplanetary travel seen in “Star Trek” a reality. Magdrive has just closed a £1.4 million seed round led by Founders Fund, an early investor in SpaceX, backed by Lu... |
| 17.12.2020 | Backed by SpaceX’s investor, UK-based startup Magdrive grabs £1.4M to disrupt space travel | In the past decade, numerous startups have emerged in the space sector, bringing advanced technologies such as AI, quantum computing, tiny satellites and service, and more, that we could not even imagine a few years ago. Joining the list is... |
| - | Magdrive | “The Magdrive is a compact, high-power propulsion system for satellites and spacecraft in LEO today, deep space and beyond tomorrow. Our thruster uses a metal propellent and recharged internal energy to create a high energy plasma.” |