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Albuquerque-based mPower Technology raises $10M to scale production of solar cells

Albuquerque Business First

Albuquerque’s mPower Technology, which makes solar cells for spacecraft, will expand its footprint and workforce with a $10 million Series B funding round.

MPower announced on Tuesday its most recent round of funding, which raised its total amount raised to $16.5 million. Investors included Cottonwood Technology Fund VC in Santa Fe, which led the round. Albuquerque investment firm OneTen° Capital and Hemisphere Ventures, which targets early-stage space and other kinds of tech companies, also participated, mPower president and CEO Kevin Hell told Business First.