Anuvu raises $50 million for small GEO mobility constellation

TAMPA, Fla. — Investors that rescued Anuvu from bankruptcy in March have thrown $50 million behind plans for the mobile connectivity provider to have its own constellation of small geostationary-orbit (GEO) satellites.

The growth capital will support the first two satellites Anuvu ordered in July from Astranis as part of a planned eight-strong constellation, building on a business that currently leases capacity from other operators to provide Wi-Fi on aircraft, boats and remote locations worldwide.

The one-meter-cubed satellites from San Francisco-based startup Astranis feature software-defined radios that can be reprogrammed in orbit. That flexibility would enable Anuvu to adapt its service as mobility markets face uncertainty from a pandemic that helped push the company…

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News Source: https://spacenews.com/anuvu-raises-50-million-for-small-geo-mobility-constellation/