Latvian startup Deep Space Energy has closed its pre-seed round by raising €350,000, led by Outlast Fund and Linas Sargautis, an angel investor and a former co-founder of NanoAvionics.
The company also secured additional €580,000 in public contracts and grants by the European Space Agency (ESA), Nato Diana, and the Latvian government.
The funding will primarily be used to further develop a novel radioisotopic generator toward commercialisation, in a bid to strengthen the European sovereign space and defence industry and power Moon surface exploration. [Read more…] about Deep Space Energy raises almost €1 million to generate electricity on the moon like it was normal