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Europe’s investment arm lends Sateliot a hand

Written by  Jason Rainbow Wednesday, 04 December 2024 05:00
Sateliot plans to inititally connect remote Internet of Things devices but ultimately intends to also provide connectivity for off-the-grid smartphones. Credit: Sateliot.
Sateliot plans to inititally connect remote Internet of Things devices but ultimately intends to also provide connectivity for off-the-grid smartphones. Credit: Sateliot.

The European Investment Bank is lending Sateliot 30 million euros ($32 million) to help the Spanish remote connectivity startup add 16 more nanosatellites to its low Earth orbit network before the end of 2025.

The post Europe’s investment arm lends Sateliot a hand appeared first on SpaceNews.


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