CisLunar Industries Raises $2.6M for Space Power Tech

CisLunar Industries, a Colorado-based innovator in space power systems, has successfully closed an oversubscribed $2.6 million seed funding round. This capital infusion is earmarked for expanding the production and development of its proprietary Electric Power Intelligent Conversion (EPIC) technology, designed to serve critical functions in Earth orbit and beyond. The round saw significant backing from Colorado ONE Fund, which led the investment, alongside contributions from Stout Street Capital, RIT Venture Fund, Deming Center Venture Fund, and a cohort of strategic angel investors.

The newly acquired funds will be instrumental in scaling CisLunar Industries' manufacturing capabilities and further refining its already flight-proven power hardware and software solutions. The company, established in 2019, is strategically positioned to support the burgeoning space industrial economy by offering highly efficient power management. Its EPIC platform aims to substantially shorten customer lead times and reduce engineering expenditures, while simultaneously enhancing system resilience and operational efficiency. Furthermore, the technology facilitates more compact spacecraft designs, unlocking expanded mission potential for operators.

The demand for robust and scalable power infrastructure is escalating rapidly as the commercial and governmental space sectors mature. CisLunar Industries' technology addresses a fundamental bottleneck in power processing, crucial for the next generation of ambitious space missions. The company's solutions are already finding application in demanding areas such as electric propulsion, nuclear electric propulsion systems, directed energy platforms, and the foundational infrastructure required for dynamic space operations. Early traction includes engagements with prominent entities like NASA, the United States Space Force, several leading domestic and international defense contractors, and ThinkOrbital.

Investors highlighted the critical need for advanced power solutions to underpin the expansion of space-based activities. They recognized CisLunar Industries' innovative approach as a key enabler for future space endeavors, particularly those focused on long-term industrial presence within the Earth-Moon system. This strategic focus aligns with the growing trend of commercializing low Earth orbit and developing lunar infrastructure, requiring reliable and efficient power management.

“The robust and increasing demand for our advanced power electronics solutions underscores their critical role in enabling new space capabilities,” stated Gary Calnan, Co-Founder and CEO of CisLunar Industries. “This investment empowers us to accelerate our response to customer needs. We are honored to collaborate with our partners at ONE Funds, Stout Street Capital, RIT Ventures, and Deming Center Venture Fund as we advance space technology.”

Kevin O’Neil, CEO of ONE Funds, commented on the investment, noting, “CisLunar Industries is tackling one of the most significant challenges and opportunities within the space industry. Their novel solutions for in-space power infrastructure effectively lower mission costs and risks, thereby reinforcing American leadership in space exploration and utilization.”

John Francis, Partner at Stout Street Capital, added, “CisLunar Industries is delivering the essential power infrastructure demanded by the new space economy. Their EPIC platform resolves a critical bottleneck by providing scalable, high-efficiency power processing amidst explosive growth. We are proud to support a team that has already demonstrated the efficacy of its hardware across commercial, defense, and NASA programs, positioning itself as a cornerstone of the future space economy.”