Space technology company that specializes in  nano, cube, and small satellite-manufacturing and space service, Vestaspace Technology,  is launching a constellation of 35-plus satellites pan-India, to build 5G speed network connections and IoT functionalities across industries.

With its AI-powered novel communication architecture, the company will release a beta version of the satellite constellations in September. estaspace Technology, plans to launch a fully operational constellation of satellites into a low-earth-orbit or Geosynchronous Equatorial Orbit in early 2021.

The company plans to replace traditional fibre networks with these satellite constellations so as to provide high-speed 5G network connections with its unmanned software data processing.

The company is in talks with the Department of Telecom for spectrum in 28 Ghz band for 5G operations

Vestaspace secured USD 10 million funding from US-based Next Capital LLC, an American investment and advisory firm to expand the reach of Vestaspace innovative solutions across India and the world.

The company’s CEO Mr Sureban said the company has also been working with ISRO, NASA and other leading space agencies on various strategic projects which will help Vestaspace to expand globally.

“We will start operations in India first. We will provide service to telecom operators and internet service providers who will sell it further to end customers.”