Reflect Orbital has raised a $20 million Series A to accelerate development of its satellite constellation to deliver sunlight on demand. The round was led by Lux Capital, with participation from Sequoia Capital and Starship Ventures.
Reflect Orbital is building a constellation of satellites designed to reflect sunlight down to Earth for large-scale lighting and energy applications. This new funding will support team growth, scaled operations, and the company’s first space missions.
“Lux backs some of the most impressive hardware companies out there, and they share our vision. We couldn’t ask for better partners to join us in creating the future of light and energy, and together, we’ll get our first lux on the ground,” said Ben Nowack, CEO & Co-founder of Reflect.
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Lux Capital, known for funding and founding transformative science and technology ventures, is expected to play a key role in helping Reflect grow and establish critical industry partnerships.
“Reflect Orbital is pioneering a new category in-space infrastructure that represents the convergence of two areas we’re passionate about–space technology and energy solutions,” said Josh Wolfe, Co-Founder and Managing Partner at Lux Capital. “We believe their on-demand illumination technology has the potential to reshape how we solve problems on Earth–from critical operations to energy resilience–while opening entirely new markets we’re only beginning to imagine.”
SOURCE: PRNewswire