Magdrive is a UK-based startup that is revolutionizing spacecraft propulsion with its high thrust, high efficiency, and low mass technology. Established in 2019, it aims to enable new missions and business models in the space industry, offering capabilities such as high cadence avoidance manoeuvres in congested Low-Earth Orbit, satellite servicing and orbital manufacturing, and making defense satellites untraceable through stochastic movement. The company received non-equity assistance investment from Creative Destruction Lab on 01 September 2022. Magdrive operates in the B2B, Manufacturing, and Space industries, positioning itself at the forefront of cutting-edge technology in the space sector.
Magdrive
Next generation spacecraft propulsion
Founded 2019
Didcot, United Kingdom
18 employees
Non Equity Assistance
Total: $2.70M
B2B, Manufacturing +1
Didcot, United Kingdom
18 employees
Non Equity Assistance
Total: $2.70M
B2B, Manufacturing +1
General Information
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United Kingdom Market
About Magdrive
Taxonomy: spacecraft propulsion, next generation, Magdrive, satellites, deep space, high thrust, high efficiency, low mass, manoeuvrability, Low-Earth Orbit, rendezvous, satellite servicing, orbital manufacturing, plasma thruster, new space age
Funding Rounds & Investors (3)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Non Equity Assistance | •••••• | 1 |
|
01 Sep 2022 |
| Seed Round | •••••• | 2 |
|
01 Jan 2021 |
| Seed Round | •••••• | 3 |
|
17 Dec 2020 |
Latest News
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FAQ About Magdrive
Next generation spacecraft propulsion
Magdrive was founded in 2019.
Magdrive is headquartered in Didcot, United Kingdom.
Magdrive operates in the following industries: B2B, Manufacturing, Space.
Magdrive has approximately 18 employees.
Magdrive has completed 3 funding rounds, raising a total of $2.70M. The latest funding stage is Non Equity Assistance.
Top alternatives and competitors to Magdrive include OhmSpace, gravityLab, IENAI SPACE, Ramon.Space , Space Forge. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Magdrive and OhmSpace are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.
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