Italian SpaceTech Startup Astradyne Raised €2 Million In Pre-Seed Round

The round was led by Primo Capital via the Primo Space fund, the EU’s first VC entirely focused on the Space Economy, with participation from Galaxia, Obloo Ventures, Eureka! Fund I, and the Puglia co-investment fund.

"Our goal is to provide lighter, cheaper, and faster-to-deploy space power generation systems, addressing the main bottlenecks of current in-orbit photovoltaic technologies," said Davide Vittori, CEO of Astradyne. "Thanks to this round, we can accelerate towards in-orbit qualification and strengthen our technology roadmap. At the same time, we are exploring selective technology transfer paths to Earth in sectors where lightness and portability of photovoltaic solutions are critical."

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Founded in 2021, Astradyne creates photovoltaic solutions for the New Space Economy, aiming to make satellite power systems lighter, more compact, and highly efficient cutting launch costs and boosting in-orbit performance.

Designed for space, its technologies also have applications on Earth in advanced, specialized settings.

"We decided to lead this investment because we consider Astradyne an extremely promising company, driven by a team with excellent engineering capabilities and a clear product and market vision," said Matteo Cascinari, General Partner of Primo Space Fund. "Astradyne, our seventeenth investment, enriches a diversified portfolio spanning nearly every field of the Space Economy in Italy and Europe."

With this funding, Astradyne plans to achieve Technology Readiness Level (TRL) 9 for Solar-Z, complete in-orbit testing on Low Earth Orbit (LEO) satellites, and secure partnerships with satellite integrators and manufacturers.

Simultaneously, the company is developing Solar-Y, a terrestrial-focused product line for construction, agriculture and mobile energy systems, adapting space technologies to rethink energy generation on Earth.

"We are proud to renew our trust in Astradyne with the goal of helping make satellite performance increasingly efficient, sustainable, and accessible," said Claudia Pingue, Head of the Tech Transfer Fund at CDP Venture Capital. "With Galaxia, we aim to boost upstream space solutions, confident that Astradyne’s technological excellence and team vision are key elements to achieving this goal."

"The investment in Astradyne perfectly fits the strategy of Eureka! Fund I – Technology Transfer, which targets value creation from applications enabled by innovative materials," added Massimo Gentili, Partner at Eureka! Fund. "In space component applications, the ability to minimise weight and volume without sacrificing performance is crucial. Astradyne’s choice to use new types of flexible, reconfigurable materials based on satellite – specific needs offers an undeniable competitive advantage compared to solutions currently on the market."

About Astradyne

Founded in 2021, Astradyne leads in deployable structure technology, creating lightweight, foldable photovoltaic solutions for space and Earth. Its proprietary process integrates electronics with textile materials, enhancing durability and efficiency enabling innovative energy solutions for satellites, construction, agriculture and other specialized applications.