Electronics Weekly
The Hyperion investment follows those of SETT (a Spanish Government fund), Global Portfolio Investments, European Investment Bank (EIB) and shareholders including Indra, Cellnex, and SEPIDES.
The company says it will fund the deployment of a constellation of more than 100 satellites to deliver global connectivity
Describing itself as the world’s first 5G-IoT telecommunications operator from space, Sateliot plans a constellation of low-Earth orbit (LEO) satellites.
Its goal, with standards-compliant 5G, is to enable NB-IoT (Narrowband Internet of things) devices to connect to its satellite constellation anywhere on earth. Basically, supporting IoT services at a significantly lower cost than traditional satellite alternatives.
It has a focus on applications across defense, cybersecurity, telecommunications, logistics, mining, energy, environmental monitoring, agriculture, and critical infrastructure.
With six satellites already in space, the company reports securing €270 million in contracts, from 400 clients across 50 countries.
Note that the Spanish Society for Technological Transformation (SETT) has invested €13.8 million in Sateliot. This marks its first loan to a Spanish space company.
Image: Sateliot CEO and Co-Founder Jaume Sanpera
See also: Spanish component of Atlantic Constellation takes shape
