Mar 25, 2021 | 2 min read

Fleet Space Launches Next Wave of IoT Nanosatellites

Momenta Ventures portfolio company Fleet Space has successfully launched its fifth nanosatellite, Centauri 3. It was launched from New Zealand's Launch Complex 1 at Mahia Peninsula aboard a Rocket Lab Electron launch vehicle named "They Go Up So Fast".

Fleet Space is making history as Australia's only commercial NanoSatellites, providing global LoRaWAN low-power, wide-area satellite coverage for millions of Industrial Internet of Things devices.

"This a major milestone in demonstrating our Industrial Internet of Things capabilities. Centauri 3 will be linking multiple remote sensors monitoring critical infrastructures such as remote mine sites, gas pipelines, and rurally dispersed electricity pylons with central base stations, 24 hours a day," says Fleet Space CEO and co-founder Ms. Flavia Tata Nardini.

"The Centauri 3 nanosatellite is our fifth commercial nanosatellite and our most advanced payload yet – and will be joined by two more this year and a further 16 during 2022 and 2023," she adds.

 

Centauri copy

 

Fleet Space provides a highly innovative, lightweight beam-steering antenna, Artificial Intelligence-driven computer server, and satellite modem, all designed in-house by Fleet Space.

Fleet Space provides edge communications to energy companies, utilities, and mines worldwide – monitoring critical infrastructure worldwide using Fleet’s base stations in real-time, 24 hours a day.

Fleet Space was the second investment out of Momenta's Digital Industry Fund II in August 2019. At that time, Momenta led the Fleet Space Series A with Horizons Ventures and Kennards Hire and previous backers Blackbird Ventures and Grok Ventures.

Lee Carter, Principal with Momenta and Board Member at Fleet Space, notes: "This a huge next step for Fleet Space in their goal of connecting sensors from around the world enabling digital transformation across vital industries. This is the most advanced IoT-focused nanosatellite to be launched yet, allowing customers to expand their current deployments with Fleet space, paving the way for Fleet's full network launch over the coming years."

Momenta is very excited about this seminal day in the life of one of our portfolio companies and congratulates Flavia, Matt, and the entire Fleet team on this milestone that has been so long coming.

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We don't just simply finance companies .... 

Momenta is the leading digital industry venture capital firm accelerating digital innovators across energy, manufacturing, smart spaces, and supply chain. We have invested in over 40 early-stage companies. We don't simply finance companies; we help founders achieve lean, smart, and sustained growth, ultimately leading to a strong exit.  

 

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