Colorado ONE Fund Invests in CisLunar Industries, Advancing Critical Power Infrastructure for the Space Industrial Economy
- Ubaldo Ciminieri, Chief of Staff
- Jul 11
- 3 min read
Updated: Jul 14
COLORADO SPRINGS, Colo., July 10, 2025 /PRNewswire/ -- Colorado ONE Fund, the venture capital arm of ONE Funds dedicated to accelerating critical technologies, is proud to announce its latest investment in CisLunar Industries, a pioneering company transforming in-space advanced power processing and resource utilization for the next era of space exploration and national security.
CisLunar Industries is at the forefront of developing critical power infrastructure for space and making their products adaptable to leverage mass manufacturing on Earth. Nearly everything in space runs on electricity, but power processing is a supply bottleneck, a common source of mission failure, and a limiting factor on spacecraft mission capability. With scalable and differentiated hardware and software for power and material processing, CisLunar Industries cuts customer wait times and non-recurring engineering costs, increases resiliency and efficiency, and leaves more room on the spacecraft for expanded mission capability.
CisLunar Industries' Electronic Power Intelligent Conversion (EPIC) technologies process power to drive many aspects of a space industrial economy. For in-space mobility, the company leads the development of power processing units (PPUs) for high power electric propulsion and nuclear electric propulsion systems. For dual use beaming for Golden Dome and industrial applications, such as laser, x-ray, electron, and neutral particle, they have pioneered and flown products that successfully generated one of the highest voltages ever produced in space. For in-space manufacturing and resource utilization, the company not only converts power but also processes materials using their modular Space Foundryâ„¢ and Lunar Wire Extruder, state-of-the-art technologies at the center of the value chain that connects resources with markets.
"CisLunar Industries is addressing one of the most pressing challenges and opportunities in the emerging cislunar economy," said Kevin O'Neil, CEO of ONE Funds. "Their innovative approach to in-space power infrastructure and resource utilization not only reduces the costs and risks associated with space missions but also strengthens U.S. leadership in space sustainability and security. We are excited to support their vision of a thriving economy in space, where energy and matter are harnessed and shaped to build a free and resilient future." Â
Headquartered in Loveland, Colorado, CisLunar Industries is leveraging technical excellence and scalable manufacturing on Earth to achieve the benefits it delivers to customers. The investment from Colorado ONE Fund will accelerate the company's technology development, expand its engineering team, and support key demonstration missions with government and commercial partners.
"Partnering with Colorado ONE Fund is a major milestone for CisLunar Industries," said Gary Calnan, CEO and Co-Founder of CisLunar Industries. "Their commitment to impact-driven investment and their deep expertise in aerospace and defense make them the ideal partner as we scale our operations and bring our breakthrough technology to market. Together, we are building the infrastructure that will power the next generation of space exploration and economic growth."
About CisLunar Industries
CisLunar Industries designs and builds scalable advanced products for power conversion and material processing, enabling in-space mobility, national security, and manufacturing for government and commercial customers.
For more information, visit:Â www.cislunarindustries.com.
About ONE Funds
Founded in 2023, ONE Funds focuses on impact investing in the defense sector. With a unique ecosystem, ONE Funds connects defense technology innovators with government leadership, applying a strategic consortium model to grow small businesses. Boasting 250 years of cumulative defense experience, ONE Funds invests in aerospace and national defense technologies to deliver strong returns while advancing critical security innovations. As part of ONE Funds, Colorado ONE Fund partners with the Colorado Venture Capital Authority (VCA) to back early-stage, high-impact technologies supporting national defense. Learn more at www.onefunds.com.
Media contacts:
CisLunar Industries:
Ubaldo Ciminieri
303.725.9417
ONE Funds:
German Nunez
Managing Director
SOURCE ONE Funds