Star Catcher Secures $12.2m for Space Energy Grid

• Revolutionizing space energy with the Star Catcher Network, Star Catcher Industries Inc secures $12.2 million in funding for a brighter future in Low Earth Orbit.

US start-up Star Catcher Industries Inc has raised USD 12.2 million to develop the world's first space-based energy grid, known as the Star Catcher Network. The company aims to provide on-demand power to satellites and spacecraft in Low Earth Orbit (LEO) and beyond, with the goal of addressing the increasing power needs of the projected 40,000 satellites in LEO by 2030.

Star Catcher has already made significant technical progress and secured letters of intent from commercial space companies. The funding round was co-led by Initialized Capital and B Capital, with participation from Rogue VC. The company plans to use the capital to validate and demonstrate its services, starting with ground demonstrations and an on-orbit demonstration in late 2025.

What is the Star Catcher Network and how will it revolutionize space-based energy?

• The Star Catcher Network is the world's first space-based energy grid developed by US start-up Star Catcher Industries Inc.
  
• The network aims to provide on-demand power to satellites and spacecraft in Low Earth Orbit (LEO) and beyond.
  
• The goal of the network is to address the increasing power needs of the projected 40,000 satellites in LEO by 2030.
• Star Catcher has already made significant technical progress and secured letters of intent from commercial space companies.
  
• The funding round for the Star Catcher Network was co-led by Initialized Capital and B Capital, with participation from Rogue VC.
• The company plans to use the capital to validate and demonstrate its services, starting with ground demonstrations and an on-orbit demonstration in late 2025.