Velmenni, a deep-tech company specializing in light-based wireless communication, has successfully raised Rs 30 crore (approximately $3.3 million) in a pre-Series A funding round. The round was led by pi Ventures, with additional investments from MountTech Growth Fund-Kavachh and Apekso.
The funding will be used to accelerate the commercialization of Velmenni’s patented Free Space Optics (FSO) and Light Fidelity (Li-Fi) solutions. The company plans to focus on developing tailored solutions for strategic defense and enterprise applications, while also expanding its global presence.
Established in 2014 by Deepak Solanki, Velmenni pioneers light-based wireless communication solutions using Li-Fi and Free Space Optics technologies. Its offerings cater to the telecom, defense, and enterprise sectors, aiming to revolutionize wireless communication through light technology.
With the growing demand for data straining conventional radio frequency spectrum, Velmenni’s light/laser-based optical links provide a cost-effective alternative to spectrum licensing and cable infrastructure, ensuring secure and interference-resistant communication channels.
Velmenni’s notable achievements include deploying India’s inaugural commercial carrier-grade FSO backhaul links for a private 5G network at a GMR thermal power plant in Odisha, maintaining exceptional availability of 99.999% over 18 months in challenging tropical conditions. Furthermore, the company secured a significant deal from the Indian defense sector for its specialized FSO solution, set to enhance connectivity in submarine environments.
Velmenni’s innovative products have undergone successful PoCs and more than 50 live deployments across India, the SEA region, and with leading mobile network operators in the US. The company’s solutions are CE certified, with FCC clearance anticipated in the near future.
Source: Entrackr : Latest Posts