Investment in space-based solar technology
The South Korean company Flexell Space, headquartered in Uiwang, has successfully completed a Series A financing round worth 20 million US dollars. According to the firm, it develops next-generation solutions for generating solar power in space.
The capital round was announced on July 14 and concluded roughly two years after the company was founded. The newly acquired funds are intended to advance the development of space solar technology.
- Flexell Space develops space solar solutions
- Series A raised 20 million US dollars
- Company is located in Uiwang, South Korea
- Announcement made on July 14
The report on the completed financing underlines growing private investor interest in forward-looking space technologies from South Korea. The names of the participating investors were not disclosed in the announcement.