Electronics Weekly
The capital will be used to further develop and accelerate deployments of the company’s 5G satellite communications products and technology that enable Direct-to-Device (D2D) communications between phone handsets and space-based satellite networks.
The round was led by IP Group, including its Parkwalk and Hostplus managed funds, with support from IQ Capital, Swisscom Ventures’ digital transformation fund and Bloc Ventures.
The investment will support the company’s ongoing implementations with key mobile operator and satellite network customers and partners, including Lockheed Martin. Lockheed Martin is using AccelerComm’s solutions in their Advanced Regenerative 5G NR NTN Base Station, set to be the first regenerative 5G NTN payload on orbit.
“This investment marks a significant step towards achieving universal mobile coverage through space-based 5G,” says Henny Sands at the UK Space Agency.
