among shareholders Satellite‘Enxaneta’, the company responsible for Catalonia Generalitat’s first nano-satellite, appears from the State this Friday. Sepides Management It bought 4.69% of this Barcelona-based space technology company. The new investor is the venture capital manager of Sepides Group, part of the holding the Government uses to channel its strategic investments. Industry Participation Company (SILENCE), which is the body that manages aid to large companies affected by the impact of covid.
The group paid €1.5 million for this part of the Catalan company, which currently owns Indra (controlling almost 10% of the company) and Cellnex (3.13%), which eventually valuated it at €32 million. The investment was channeled, according to the statement collected by Europa Press. Germina Capital Sepiit is a fund belonging to the same group and its purpose is to act as a “catalyst vehicle” for the company to encourage new investments that will benefit it.
Sateliot aims to deploy a constellation of 250 nano-satellites that provide services to humans. internet of things (technology aimed at connecting almost any device to the internet) and running under 5G standardA plan that requires an investment of 300 million euros. This public injection in the form of venture capital investment is working in that direction, as is the 640,000-euro loan the company settled less than a month ago. Enisait will primarily be used to launch its second nano-satellite this year.
This space company plans to start commercial service in 2023 and reach a turnover of 1,000 million euros and gross profit (ebitda) of 370 million by 2025. As recently announced by the CEO of Saeliot, Jaume SanperaThe company already operates in Brazil for forest mass control and has an active highway monitoring service in the United States to prevent sand movement in the southern part of the country.