About mPower Technologies
mPower Technologies is a company based in Albuquerque (United States) founded in 2008 by Murat Okandan.. mPower Technologies has raised $56.41 million across 6 funding rounds from investors including Sun Mountain Capital, Cottonwood Technology Fund and Hemisphere Ventures. The company has 11 employees as of December 31, 2024. mPower Technologies offers products and services including DragonSCALES™. mPower Technologies operates in a competitive market with competitors including Swift Solar, Ambient Photonics, Merlin Solar, Power Roll and Epishine, among others.
- Headquarter Albuquerque, United States
- Employees 11 as on 31 Dec, 2024
- Founders Murat Okandan
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Sectors
TechnologyEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mpower Technology, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56.41 M (USD)
in 6 rounds
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Latest Funding Round
$21.12 M (USD), Series B
Apr 11, 2025
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Investors
Sun Mountain Capital
& 3 more
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Employee Count
11
as on Dec 31, 2024
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Products & Services of mPower Technologies
mPower Technologies offers a comprehensive portfolio of products and services, including DragonSCALES™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ultralight solar cells for scalable space energy solutions.
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Leadership Team
3 people
Creative and Marketing Team
2 people
CTO Team
1 people
Manufacturing Team
1 people
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Funding Insights of mPower Technologies
mPower Technologies has successfully raised a total of $56.41M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $21.12 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $21.1M
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First Round
First Round
(14 Jun 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series B - mPower Technologies | Valuation |
investors |
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| Oct, 2023 | Amount | Series B - mPower Technologies | Valuation |
investors |
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| Feb, 2022 | Amount | Series B - mPower Technologies | Valuation | Cottonwood Technology Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in mPower Technologies
mPower Technologies has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Sun Mountain Capital, Cottonwood Technology Fund and Hemisphere Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Life Science & Tech focused pre seed, seed & early stage VC investment firm in the US
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Founded Year | Domain | Location | |
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Investment and advisement services are provided by OneTen° Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by mPower Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - mPower Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mpower Technologies Comparisons
Competitors of mPower Technologies
mPower Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Swift Solar, Ambient Photonics, Merlin Solar, Power Roll and Epishine, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible perovskite solar cells are provided using hybrid halide materials.
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| domain | founded_year | HQ Location |
Solar cells are supplied for powering connected IoT devices.
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| domain | founded_year | HQ Location |
Crystalline silicon-based solar modules are manufactured for varied deployments.
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| domain | founded_year | HQ Location |
Perovskite solar films and capacitors are developed using microgroove technology.
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| domain | founded_year | HQ Location |
Developer and provider of solar modules
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mpower Technologies
Frequently Asked Questions about mPower Technologies
When was mPower Technologies founded?
mPower Technologies was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Where is mPower Technologies located?
mPower Technologies is headquartered in Albuquerque, United States. It is registered at Albuquerque, New Mexico, United States.
Who is the current CEO of mPower Technologies?
Kevin Hell is the current CEO of mPower Technologies.
Is mPower Technologies a funded company?
mPower Technologies is a funded company, having raised a total of $56.41M across 6 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jun 14, 2017.
How many employees does mPower Technologies have?
As of Dec 31, 2024, the latest employee count at mPower Technologies is 11.
What does mPower Technologies do?
mPower Technologies was established in 2008 in Albuquerque, United States, as a provider of flexible silicon-based solar panels. Lightweight and resilient designs are featured in these panels, which support applications in aerospace, terrestrial, and IoT sectors. Operations focus on delivering solar solutions tailored to diverse environments, with emphasis on adaptability and durability for specialized uses.
Who are the top competitors of mPower Technologies?
mPower Technologies's top competitors include Swift Solar, Power Roll and Merlin Solar.
What products or services does mPower Technologies offer?
mPower Technologies offers DragonSCALES™.
Who are mPower Technologies's investors?
mPower Technologies has 4 investors. Key investors include Sun Mountain Capital, Cottonwood Technology Fund, Hemisphere Ventures, and OneTen° Capital.
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