CisLunar Industries, a Loveland, CO-based power hardware and software for the space industrial economy, has raised $2.6 million in a seed funding round led by Colorado ONE Fund.
The round also saw participation from Stout Street Capital, RIT Venture Fund, Deming Centre Venture Fund, and strategic angel investors.
The company plans to use the funding to further develop and increase production of its EPIC™ products for use in Earth orbit and beyond.
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CisLunar Industries makes power systems for space. The company provides tested hardware and software to support space operations. Its EPIC™ products help customers save time and money, improve reliability and efficiency, and free up space on spacecraft for more capabilities.
These systems support technologies such as electric propulsion, nuclear power, and other high-power applications in space. Early customers include NASA, the U.S. Space Force, major defence companies, and ThinkOrbital.
“We are seeing strong demand for our advanced power solutions,” said Gary Calnan, Co-Founder and CEO of CisLunar Industries. “This funding helps us move faster and better serve our customers. We’re glad to work with our partners to improve space technology.”
“CisLunar Industries is tackling a major challenge in the space industry,” said Kevin O’Neil, CEO of ONE Funds. “Their approach lowers costs and risks for space missions and supports U.S. leadership in space.”
John Francis, Partner at Stout Street Capital, said, “CisLunar Industries is building important power systems for the growing space economy. Their EPIC™ platform solves key problems by delivering efficient, scalable power. We’re proud to support a team already proving its technology in commercial, defence, and NASA projects.”
About CisLunar Industries
Founded in 2017 by Gary Calnan, Joe Pawelski, and Walter Schroeder, CisLunar Industries builds tested power hardware and software for the space industry. Its main product, the Mod-PPU 1000, is a flexible power unit designed to work with modern Hall Effect Thrusters.
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