Magdrive Overview
- Year Founded
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2019
- Status
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Private
- Employees
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40
- Latest Deal Type
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Accelerator/Inc
- Investors
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21
Magdrive General Information
Description
Developer of high-thrust electric propulsion systems designed to enhance the maneuverability and efficiency of spacecraft in orbit. The company offers a plasma-based propulsion technology that utilizes metal propellant to generate high thrust and specific impulse while maintaining a compact form factor and low power requirements, enabling satellite operators and space agencies to perform rapid orbital changes and extend mission lifetimes through superior fuel efficiency and versatile deployment capabilities.
Contact Information
Website
www.magdrive.spaceCorporate Office
- Unit 4, Bep0 Building, Thompson Avenue
- Harwell Oxford Campus
- Didcot OX11 0GD
- England, United Kingdom
Corporate Office
- Unit 4, Bep0 Building, Thompson Avenue
- Harwell Oxford Campus
- Didcot OX11 0GD
- England, United Kingdom
Magdrive Timeline
Magdrive Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 15. Accelerator/Incubator | 14-Oct-2025 | Completed | Generating Revenue | |||
| 14. Later Stage VC (Series 3) | 25-Feb-2025 | Completed | Generating Revenue | |||
| 13. Accelerator/Incubator | 01-Jan-2024 | Completed | Generating Revenue | |||
| 12. Accelerator/Incubator | 12-Jul-2023 | Completed | Generating Revenue | |||
| 11. Accelerator/Incubator | 01-Jan-2023 | Completed | Generating Revenue | |||
| 10. Accelerator/Incubator | 24-May-2022 | Completed | Generating Revenue | |||
| 9. Accelerator/Incubator | 24-May-2022 | Completed | Generating Revenue | |||
| 8. Grant | 06-Oct-2021 | Completed | Generating Revenue | |||
| 7. Accelerator/Incubator | 11-Mar-2021 | $55.7K | $2.21M | Completed | Generating Revenue | |
| 6. Seed Round | 01-Jan-2021 | $2.05M | $2.15M | Completed | Generating Revenue |
Magdrive Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series Seed 4 | ||||||||
| Series Seed 3 | ||||||||
| Series Seed 2 | 190,664 | $0.000125 | $3.93 | $3.93 | 1x | $3.93 | 9.79% | |
| Series Seed 1 | 264,787 | $0.000125 | $3.99 | $3.99 | 1x | $3.99 | 13.6% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
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Magdrive Comparisons
Industry
Financing
Details
Magdrive Competitors (12)
One of Magdrive’s 12 competitors is Revolution Space, a Venture Capital-Backed company based in Boston, MA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Revolution Space | Venture Capital-Backed | Boston, MA | ||||
| Enpulsion | Corporation | Schwechat, Austria | ||||
| ThrustMe | Venture Capital-Backed | Paris, France | ||||
| Aliena | Venture Capital-Backed | Singapore, Singapore | ||||
| Sitael | Corporate Backed or Acquired | Mola di Bari, Italy |
Magdrive Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Magdrive Patents
Magdrive Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| WO-2026038010-A1 | Pulsed power source for a satellite propulsion system and corresponding methods | Pending | 16-Aug-2024 | ||
| GB-2643517-A | Satellite propulsion system and methods | Pending | 16-Aug-2024 | ||
| GB-2705637-A | Satellite propulsion system and methods | Pending | 16-Aug-2024 | ||
| GB-202111165-D0 | Thrust vectoring system | Pending | 03-Aug-2021 | ||
| GB-2609465-A | Thrust vectoring system | Pending | 03-Aug-2021 | B64G1/413 |
Magdrive Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Magdrive Investors (21)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| TAcc+ | Accelerator/Incubator | |||
| Alumni Ventures | Venture Capital | Minority | ||
| Balerion Space Ventures | Venture Capital | Minority | ||
| Chestnut Street Ventures | Venture Capital | Minority | ||
| Redalpine | Venture Capital | Minority |
Magdrive FAQs
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When was Magdrive founded?
Magdrive was founded in 2019.
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Where is Magdrive headquartered?
Magdrive is headquartered in Didcot, United Kingdom.
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What is the size of Magdrive?
Magdrive has 40 total employees.
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What industry is Magdrive in?
Magdrive’s primary industry is Aerospace and Defense.
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Is Magdrive a private or public company?
Magdrive is a Private company.
-
What is Magdrive’s current revenue?
The current revenue for Magdrive is .
-
How much funding has Magdrive raised over time?
Magdrive has raised $15.3M.
-
Who are Magdrive’s investors?
TAcc+, Alumni Ventures, Balerion Space Ventures, Chestnut Street Ventures, and Redalpine are 5 of 21 investors who have invested in Magdrive.
-
Who are Magdrive’s competitors?
Revolution Space, Enpulsion, ThrustMe, Aliena, and Sitael are some of the 12 competitors of Magdrive.
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