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AVEALTO Ltd.

United Kingdom
Market: Telecommunications
Stage of the project: Prototype or product is ready

Date of last change: 02.02.2024
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Idea

AVEALTO can help to close the digital divide with a transformative technology to provide low cost high quality (and high margin) telecom service in unserved and underserved regions of the world.

Current Status

Avealto has obtained regulatory support and identified future customers in indonesia, the 4th largest population country in the world, and has also customer waiting for service in other markets in Southeast Asia, Africa, India, Central America, South America and the Caribbean.

Problem or Opportunity

A significant portion of the earth’s population lives in regions that do not have terrestrial networks in place. Access to the internet and other telecom service in these “satellite only” regions is too expensive and suffers from quality and availability problems.

Solution (product or service)

AVEALTO has completed the development of a high altitude Wireless infrastructure Platform vehicle which maintains a stationary position in the stratosphere (above all air traffic) and provide network capacity at a fraction of the cost of LEO, MOE or GEO satellites. An existing market of over $26 billion now exists. AVEALTO's disruptive lower cost will open markets of more than $90 billion.

The company is now raising funds to set up a factory site in the UK to begin production of the Wireless Infrastructure Vehicles.

Business model

AVEALTO was founded, by Walt Anderson, who has created 2 prior unicorns in the telecom market segment. AVEALTO will sell wholesale capacity to existing telecom operators and allow them to replace high cost satellite service with lower cost and higher quality Wireless infrastructure.
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