Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Under the Radar: Conversation with Transcelestial’s CEO on using laser beams to bring superfast connectivity to the masses; Assessment of competitors like OneWeb, Starlink or Sumitomo Electric; Partnerships with telcos and enterprise partners; Global laser communication market to reach US$3.6b by 2030; US$10m Series A2 led by Airbus Ventures; Expansion into the US market
Have you ever wondered what’s behind our 4G, or wifi connectivity? How about a network of shoebox-sized devices sending lasers to one another?
Well, that’s what Singapore-based startup Transcelestial does to bring superfast connectivity to the masses. The company also recently bagged US$10 million in its Series A2 funding led by Airbus Ventures.
Other investors including Cap Vista - which is the strategic investment arm of Singapore’s Defence Science and Technology Agency - have participated as well.
Transcelestial has said then that the funds will be used to ramp up growth in Indonesia, India, the Philippines, Malaysia and Singapore. But to what extent is the company on track to achieve that?
The company is also planning to enter the US market soon, but what can we expect on that front?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Rohit Jha, CEO and Co-founder, Transcelestial for more.
