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Business/Financial

Boeing-Fueled Investment Platform Helps Fund Seed Round In Solestial

By Cal Biesecker

Wednesday, November 16th, 2022

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Boeing-Fueled Investment Platform Helps Fund Seed Round In Solestial

Stan Herasimenka, co-founder and CEO of Solestial. LinkedIn photo.

AE Industrial Partners (AEI) on Wednesday said its venture capital investment platform that includes Boeing [BA] has participated in an oversubscribed $10 million seed funding round in Solestial, a small firm focused on developing low-cost solar panels for satellites. Solestial on its website says its panels reduce the cost of current solar panels by 90 percent across manufacturing and launch, are lightweight and can last 10 years in low Earth orbit, and are made with a thin flexible silicon cell…

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