Aetherflux, a space-based solar energy startup led by Robinhood co-founder Baiju Bhatt, raised $50m in Series A funding led by Jan Hammer from Index Ventures
Summary
The funding will be used to deliver energy to planet Earth. At a time when humanity is consuming more power than ever before, Aetherflux is taking an ambitious new approach: using satellites to capture the suns energy and wirelessly transmit power to the places that need it most.One thing I know about Baiju Bhatt is that hes passionate about space. From growing up the son of a NASA scientist to studying physics and math at Stanford, hes always talked about space as the ultimate market opportunity.So last spring, when he told me about Aetherflux, I knew I had to be a part of it. What impressed me most was how he took a wildly risky and ambitious idealaunching satellites with solar panels into orbit and wirelessly transmitting power around the globeand broke it down piece by piece to make it seem less like a moonshot and more like a blueprint wrote Jan Hammer, General Partner of Index Ventures, in a Linkedin post.Baiju Bhatt, the Founder of Aetherflux, grew up the son of a NASA scientist and studied physics and math at Stanford. After college, he co-founded Robinhood, democratizing finance and building one of the great companies of his generation.