While the technology offers significant opportunities in the aerospace market initially, says the company, it also has the potential for expanded market opportunity in applications such as remote power, IoT, and terrestrial rooftops.
Lee Rand, Partner, Sun Mountain Capital, one of the investors in the funding round, adds, "This technology is going to drive the next adoption wave of solar power. We've already seen the advantages that mPower can deliver in the aerospace market and believe that this is just the start of adoption across many industries."
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