Avolta has once again proven its leadership in the European DeepTech space by acting as sole financial advisor to Greenerwave on its €15m equity financing with BPI Fonds Innovation Defense, Safran Corporate Ventures, INTELSAT, BNP Paribas Développement and Plastic Omnium.
An offshoot of the ‘Institut Langevin’, (a deep physics Radio Frequency research institute created and led by the French National Scientific Research Center (CNRS) and the leading Physics and Chemistry Engineering school (ESPCI)), Greenerwave specializes in deep-wave physics, and has developed revolutionary solutions to meet the toughest connectivity and mobility challenges.
Greenerwave has developed unique software technology capable of guiding electromagnetic waves. Thanks to its low-cost, reconfigurable smart materials and physics-based algorithms, the company has shifted the intelligence from hardware to software.
Greenerwave develops real-time reconfigurable antennas with unrivalled simplicity, performance, and unique energy efficiency.
Greenerwave’s single wave control technology is adaptable to the needs of multiple applications – for mobile and static, terrestrial, non-terrestrial connectivity, automotive imaging radars, etc. Greenerwave now offers commercially the first smart antennas for mass deployment in mass markets with a minimal environmental footprint.
This round will enable Greenerwave to speed-up the sales development of its products, notably an electronically reconfigurable antenna for the massive deployment of satellite-based internet.
Greenerwave’s transaction sets another landmark deal for Avolta in the European DeepTech industry after Mecaware €40m round, Vulkam €34m round, Woodoo $31m round, Toopi €15m round, BeFC €16m round and Unseenlabs €20 million round.
