About mPower Technologies
mPower Technologies is a Technology company based in Albuquerque (United States) founded in 2008 by Murat Okandan. Provider of flexible silicon-based solar panels. It operates in the Technology and Energy & Utilities sectors. 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. Its chief executive, as recorded, is Kevin Hell. mPower Technologies offers products and services including DragonSCALES™. Its focus areas include Energy Tech, Renewable Energy Tech, Solar Energy and Solar Modules. Its legal entity is MPOWER TECHNOLOGY, INC. Its competitors include Swift Solar, Ambient Photonics and Merlin Solar; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Albuquerque, United States
- Employees 11
- Founders Murat Okandan
- SectorsTechnologyEnergy & Utilities
- Email••••••••
- Website mpowertech.com
- Social LinkedIn X Facebook
- Legal Name Mpower Technology, Inc.
- Total Equity Funding$56.41M (USD)
in 6 rounds
- Latest Funding Round$21.12M (USD), Series B
Apr 2025
- InvestorsSun Mountain Capital
& 3 more
- Employee Count11
Products & Services of mPower Technologies
mPower Technologies offers a comprehensive portfolio of products and services, including DragonSCALES™.
Ultralight solar cells for scalable space energy solutions.
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 $56.41M
- Total Rounds 6
- Last Round Series B — $21.12M
- First Round $50,000
(Jun 2017)
- Investors Count 4
All 6 funding rounds of mPower Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $21.12M | Series B | – | – | – |
| Oct 2023 | $16.15M | Series B | – | – | – |
| Feb 2022 | $10M | Series B | – | Cottonwood Technology Fund | |
| Mar 2020 | $5.25M | Series A | – | – | |
| Mar 2020 | $3.83M | Series A | – | – | |
| Jun 2017 | $50,000 | Seed | – | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| cottonwood.vc | ||||
Life Science & Tech focused pre seed, seed & early stage VC investment firm in the US | hemisphere.com | Seattle, United States | ||
Investment and advisement services are provided by OneTen° Capital. | oneten.capital | Albuquerque, United States | ||
Private equity fund focused on multiple sectors | 2006 | sunmountaincapital.com | Santa Fe, United States |
Investor details for mPower Technologies
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People of mPower Technologies
7 people are tracked at mPower Technologies (4 in leadership, 3 in team); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
Murat Okandan | Co-Founder | Leadership |
Kevin Hell | CEO | Leadership |
Kaveh Rouhani | VP, Space Power Systems | Leadership |
Stuart Crosby | Director, Program Management | Leadership |
Oscar Buitrago | Senior Design Engineer | Team |
Thomas Crocker | Design Engineer | Team |
Michael P. | Manufacturing And Process Engineer | Team |
Complete people profiles for mPower Technologies
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Timeline of mPower Technologies
3 dated milestones of mPower Technologies across 17 years, from founding to its latest funding, stage changes and deals.
- Founded mPower Technologies is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Series B, of $21.1M.
Competitors of mPower Technologies
mPower Technologies has 3 listed competitors in our database, 3 of them funded. They include Swift Solar, Ambient Photonics and Merlin Solar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| swiftsolar.com | 2017 | Golden, United States | $42.39M | 19 | Flexible perovskite solar cells are provided using hybrid halide materials. | |
| ambientphotonics.com | 2019 | Scotts Valley, United States | $61M | 11 | Solar cells are supplied for powering connected IoT devices. | |
| merlinsolar.com | 2016 | San Jose, United States | $31M | Crystalline silicon-based solar modules are manufactured for varied deployments. |
Detailed competitors of mPower Technologies
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Web traffic of mPower Technologies
The website of mPower Technologies (mpowertech.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 8.9% vs previous month
Top companies in Embedded & Flexible Electronics
3 companies that operate in the same segment as mPower Technologies (Embedded & Flexible Electronics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 | ||
RF MEMS-based oscillators and resonators are supplied for diverse applications. | 2004 | Sunnyvale, California, United States | USD 51.97 M | USD 326.66 M | 395 | |
Flexible displays are researched, developed, and manufactured by Royole. | 2012 | Fremont, California, United States | USD 849.93 M | 78 |
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Related news about Mpower Technologies
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Frequently Asked Questions about mPower Technologies
mPower Technologies was founded in 2008 and raised its 1st funding round 9 years after it was founded.
mPower Technologies is headquartered in Albuquerque, United States. It is registered at Albuquerque, New Mexico, United States.
Kevin Hell is the CEO of mPower Technologies, as recorded in our data.
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 Seed of $50K, raised on Jun 2017.
mPower Technologies has 11 employees.
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.
mPower Technologies's top competitors include Swift Solar, Merlin Solar and Ambient Photonics.
mPower Technologies offers DragonSCALES™.
mPower Technologies has 4 investors. Key investors include Sun Mountain Capital, Cottonwood Technology Fund, Hemisphere Ventures, and OneTen° Capital.
mPower Technologies operates through Mpower Technology, Inc..