Solestial
Assembly Line
Airbus Ventures Leads Solestial’s Oversubscribed $10M Seed Round
Airbus Ventures announces its newest lead investment in Solestial, Inc. (“Solestial”), the solar energy company for space. The round was joined by AEI HorizonX, GPVC, Stellar Ventures, Industrious Ventures, and others. This new funding will be used to ramp up production and customer engagement capabilities, as the company expands ground and flight testing in parallel; additional investments in R&D and go-to-market functions are also planned.
Solestial’s solar panels can be produced at scale using automated production methods at 90 percent lower cost than solar panels widely used by the satellite industry. This best-in-class silicon photovoltaic technology, optimized for space, also delivers orbital reliability of at least 10 years in low Earth orbit (LEO). Economical solar panels with scalable manufacturing capability are critical to meeting the demand of the satellite industry, which is projected to grow from 5,000 operational satellites to 100,000 or more by 2030, a 40% CAGR.