LUXEMBOURG — Satellite IoT and direct-to-device (D2D) startup OQ Technology’s long trek toward operational status was accelerated in late February with the European Investment Bank (EIB) venture-debt investment of 25 million euros ($29 million).
The funding, which includes a small equity investment coupled with a loan, is enough to finance the construction and launch of 20 OQ IoT/D2D satellites, OQ Chief Executive Omar Qaise said.
With the two satellites it already has scheduled to launch this spring, and another five by . . .
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