TerraSpark is a Luxembourg-based startup developing space solar power technology to beam clean energy from orbit to anywhere on Earth.
Investment Rounds
Capital activity and funding progression
| Amount | Date | Round |
|---|---|---|
| €5 M | Mar, 2026 | pre-seed |
Industries
Frequently Asked Questions
Where is TerraSpark located?
TerraSpark is located in Luxembourg, Luxembourg.
What industries does TerraSpark operate in?
TerraSpark operates in the following industries: space tech, clean energy, climate tech.
How much total funding has TerraSpark raised?
TerraSpark has raised a total of $5,000,000.
Who are the investors in TerraSpark?
The investors in TerraSpark are: Daphni, Sake Bosch, better ventures, Hans(wo)men Group.
Who are the founders of TerraSpark?
The founders of TerraSpark are: Jasper Deprez, Dr. Sanjay Vijendran, Matthias Laug.
What is the primary mission of TerraSpark?
TerraSpark aims to provide clean and reliable renewable energy by capturing solar power in space and wirelessly transmitting it to Earth to overcome the limitations of ground-based solar systems.
How does TerraSpark transmit energy from orbit to the ground?
TerraSpark uses advanced radio frequency technology to beam captured solar energy from satellites to Earth-based receivers called rectennas, which convert the signals into usable electricity.
What is the development timeline for TerraSpark projects?
TerraSpark follows a phased roadmap that includes ground-based wireless power demonstrations in 2026, orbital technology testing by 2027, and full commercial deployment by the year 2030.
Where is the corporate headquarters for TerraSpark located?
TerraSpark is a European energy startup based in Luxembourg, where it coordinates its research, regulatory compliance, and mission planning for space-based solar power.
Why does TerraSpark prioritize space-based solar power over traditional energy sources?
TerraSpark focuses on space-based solar power because it offers a weather-proof, 24/7 energy supply that remains operational regardless of the day-night cycle or atmospheric conditions on Earth.
Who are the key members of the TerraSpark leadership team?
TerraSpark was established by a team of experts including CEO Jasper Deprez, CTO Dr. Sanjay Vijendran, and COO Matthias Laug, who collectively manage the company's technical and business operations.
What kind of funding has TerraSpark secured for its technology?
TerraSpark recently successfully closed a pre-seed funding round, raising over 5 million Euros from international investors to develop its wireless energy transmission pilots and satellite prototypes.