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Univity of France is building a broadband and direct-to-device connectivity constellation.
Univity is seeking to finance its constellation by combining infrastructure funds and telecom operators as strategic investors.
Univity plans to deploy a connectivity constellation called uniSky in Very Low Earth Orbit.
Blast Club and Expansion Venture Capital contributed to UNIVITY’s Series A round.
Univity’s Series A round included the Blast private investment club, European VC fund Expansion, the Deeptech 2030 fund managed by Bpifrance on behalf of the French government, and two family offices.
Univity closed a 27 million euro ($32 million) Series A round to fund two demonstration satellites for a connectivity constellation in Very Low Earth Orbit.
UNIVITY aims to launch its satellites in batches of 30 roughly once a month.
UNIVITY plans to begin commercial operations in 2028 with its uniSky constellation.
UNIVITY uses 5G spectrum to ensure service compatibility with existing mobile networks.
Univity is developing a neutral space infrastructure for telecom operators rather than selling directly to consumers.
UNIVITY’s connectivity system operates in VLEO at about 375 km altitude.
Univity is working with French space agency CNES on the demonstration satellites.
UNIVITY will use the Series A funding to conduct uniShape, its 5G connectivity demo mission in VLEO using two satellites.
UNIVITY’s long-term goal is to build two satellites per day.
Univity’s two VLEO 5G demonstration satellites will be used to validate a 5G non-terrestrial network service and direct-to-cell capability.
UNIVITY’s uniSky constellation is expected to require a several-billion-euro investment.
UNIVITY has raised €27 million ($31.6 million) in Series A funding to continue building its connectivity demo in VLEO.
Bpifrance’s Deep Tech fund also supported UNIVITY’s Series A round.
UNIVITY plans to use its two VLEO 5G satellites to complete the project’s de-risking phase by testing end-to-end software and hardware.
UNIVITY’s uniSky constellation could include up to 3,400 satellites.