Industrious Ventures

Additional exciting news from our portfolio this week. Starfish Space is building a platform of satellite inspection and life extension services that solves major industry pain points without the need for the industry to adjust around Starfish's approach. Contratulations to Austin Link and the rest of the team on their over-subscribed round led by Shield Capital Their contracts with the DoD, NASA, and commercial customers demonstrate the importance of providing life extension services for space-based assets. Re-upping our commitment was an easy decision. Continue to watch the in-space services market in the coming years!

Excited to announce what we've been building for the last 4 years! Paolo Pino and I co-founded Volta Space Technologies to revolutionize lunar development by offering affordable and ubiquitous power as a service. Energy access limitations restrict lunar missions to a 14-day lifespan, which has already impacted over $200 billion in missions. Volta Space Technologies strives to extend our customers' mission lifetime by 100x, facilitating full-scale sustainable lunar operations. This is accomplished by charging their assets with satellites overhead equipped with long distance wireless chargers. Customers can now reserve power for their lunar missions just like we buy power from the grid everyday. Our exceptional team recently showcased these capabilities by delivering power wirelessly over an impressive 850-meter distance, which can be replicated to serve drones and unmanned robotics that require continuous operations, but are out of reach from conventional power infrastructure. Watch the video to witness our groundbreaking technology in action. We are grateful for all of the support we've received from the Canadian Space Agency | Agence spatiale canadienne, the European Space Agency - ESA, and NASA - National Aeronautics and Space Administration and the incredible drive from our highly talented team, advisors, and partners. Paul Damphousse Guillaume Blanchette Julien Magné Rhonda Irby Jim F. Manoj Roopak C Jad Beydoun Jeremie Robert Harrod Nelson TEUFACK FOUEFACK Sylvain Soulières Andrew Aldrin Greg Autry Nadeem Ghafoor Margarita Marinova Chris Hadfield Jordan Zipkin Alain Berinstain Q Station Creative Destruction Lab Moonshot Trade Commissioner Service | Service des délégués commerciaux Mandala Space Ventures MaC Venture Capital Michael Palank Industrious Ventures Camden McRae Mason Angel Unpopular Ventures https://lnkd.in/gyyv3UKh

H3X has been awarded a $1.9M TACFI contract with the United States Air Force to advance hybrid-electric powerplants for eVTOL aircraft in military operations. We’re excited to build on our successful Phase II work with AFWERX and continue our collaboration. Electrified aircraft have the potential to provide the Air Force with a range of cost-effective crewed and uncrewed aircraft capable of performing new and valuable missions. These aircraft offer operational independence from traditional runways, increased maneuverability, and the ability to operate from decentralized bases. Hybrid-electric propulsion systems, which combine an engine with an electric machine to generate electricity for propulsion, are now making it possible to harness the benefits of electric motors while also leveraging the superior energy density of liquid fuels. This architecture allows for greater range and endurance, while also eliminating the need for charging infrastructure in forward operating locations, further enhancing their operational utility. This ensures that electric aircraft can meet operational requirements for mission success while benefiting from the strengths of both technologies.

Incredibly excited to support H3X Technologies as they work to decarbonize aviation, industrial, marine, and many other industries with their high power density electric motors. Startups like H3X that are bringing new approaches and technologies to legacy industries make us widely optimistic for what's ahead!