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Aei Horizonx Invests In Solestial As Part Of Its Oversubscribed $10M Seed Round

RECENTLY ACQUIREDNov 16, 2022

Amount Raised

$10 Million

Round Type

Seed

TempeOtherEnergy

Investors

Ae Industrial PartnersIndustrious VenturesStellar VenturesGpvcAirbus Ventures

Description

AEI HorizonX, AE Industrial Partners' venture capital investment platform formed in partnership with The Boeing Company, today announced an investment in Solestial, Inc. ("Solestial" or the "Company"), a solar energy company for space. AEI HorizonX invested alongside Airbus Ventures, GPVC, Stellar Ventures, Industrious Ventures, and others in the $10 million oversubscribed seed round. This also marked the first investment from AEI HorizonX's second venture fund ("Fund II"), which supports promising start-ups in future mobility, space, sustainability, digital enterprise applications, networks, and security.

Quick answer

Solestial raised $10 Million in a Seed round, dated November 16, 2022. Investors: Ae Industrial Partners, Industrious Ventures, Stellar Ventures, Gpvc and Airbus Ventures. Solestial is based in Tempe, Arizona, United States.

How much did Solestial raise?
Solestial raised $10 Million in a Seed round on November 16, 2022.
Who invested in Solestial?
Ae Industrial Partners, Industrious Ventures, Stellar Ventures, Gpvc and Airbus Ventures are named as investors in this round.
What does Solestial do?
Solestial, Inc. is the solar energy company for space.
Where is Solestial based and how big is it?
Solestial is based in Tempe, Arizona, United States. Fundz records about 53 employees.
Who are the decision-makers at Solestial?
Fundz holds 1 contact at Solestial, including the Executive Officer, Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy around the same time

Companies in the same sectors as Solestial that raised within 45 days of this round, from Fundz verified event records.

  • Antrum raised $3.7M (Seed) on December 31, 2022.
  • Li-FT Power Ltd raised $773K (Seed) on December 30, 2022.
  • Kore Infrastructure raised $219K (Seed) on December 30, 2022.
  • Bell Copper Corp raised $100K (Seed) on December 28, 2022.
  • Ontario Smart Energy raised an undisclosed amount (Funding Round) on December 27, 2022.
  • Samara raised $4.8M (Seed) on December 26, 2022.

Who to call at Solestial, and when

A new round usually means Solestial is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Solestial, from your own LinkedIn network

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Company Information

Company

Solestial

Location

7700 SOUTH RIVER PARKWAY

Tempe, Arizona, United States

About

Solestial, Inc. is the solar energy company for space. Our breakthrough technology is a silicon solar cell engineered for space to self-cure radiation damage under sunlight at temperatures as low as 65°C. Solestial solar cells are packaged in a flexible solar power module engineered to withstand up to 10 years in a variety of destinations in space. Our flexible solar power modules can be produced on automated machines resulting in costs 90% lower than incumbent III-V solar products. Solestial’s innovative technology represents a paradigm shift for space solar; an affordable, durable, scalable solution to power development in space.

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Related People

1 contact
Verified contactsAndrew A., Executive Officer, Director hidden hidden hiddenSee plans and pricing
Predictive Intelligence
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Solestial raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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