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Balkan Events

A Bulgarian company in preparation for launching its second satellite

12 may 2020

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The Bulgarian company for nano-satellites Endurosat continues with the development of satellite communication services and will prepare for the launch of its second satellite. For this purpose, the company attracted the amount of BGN 652 000 from the Neo Ventures fund, BalkanEngineer.coom has learned.

 

 

Founded in 2015, Endurosat is developing small and light satellites that fly into the lowest orbit on Earth. The company aims to develop as a provider of infrastructure for the development, production and management of satellites and data transmission. Today, Endurosat plans to launch its second satellite in late 2020 or early 2021. It will be connected to IoT terrestrial devices, which will allow the use of collected data, and the service will be monetized by paying a subscription for the regular data delivery.

 

The Bulgarian company Endurosat is among the first investments of the Neo Ventures fund, which in 2017 attracted EUR 1 million in financing. In 2018, the company launched its first own nano-satellite to show the capabilities of the technology.

 

Source of images: pixabay.com

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