Kinéis raises 100 million euros and finances its constellation of nanosatellites dedicated to the I
Kinéis has reached its capital-raising target of 100 million euros. CLS, CNES, Bpifrance via the fund for Industrial Project Companies (SPI), financed by the ‘Investments for the Future’ Programme and the European Investment Bank, Ifremer, Thales, CELAD, BNP Paribas Développement, HEMERIA and other industrial and financial partners are investing in and supporting Kinéis' ambition to provide universal satellite connectivity. 25 nanosatellites will be added to complement the service which has been provided by the Argos system to scientific and environmental communities for more than 40 years. Kinéis will also develop its activity in the new markets opened up by the IoT.
Kinéis has completed an historic capital-raising campaign, established strategic commercial partnerships with Bouygues Telecom, Suez, the Wize Alliance and Arribada, and filled its order book. This new French global connectivity provider, which already has 8 operational satellites, has thus become the first IoT satellite connectivity player to finance its development, from the construction of its constellation to the launch of its 25 nanosatellites, scheduled for 2022, and the development of its ground segment.
This young company is not only fulfilling its financial and industrial promises, but also its commercial and partnership commitments. Kinéis is getting ahead of the pack and taking its place in the NewSpace landscape. To democratize access to satellite connectivity and to connect millions of objects simply, cheaply and anywhere on the planet, technical prowess alone is not enough. Raising 100 million euros for a satellite IoT project is unprecedented and makes Kinéis, which is receiving significant support from strategic institutions, an unrivalled private player in the market.
Alexandre Tisserant, who was appointed President of Kinéis at the same time, declares: “We are very proud to have reached this major milestone. With the funds needed to launch our constellation, we are now free to focus entirely on satellite manufacturing and commercial deployment.” The unfailing support of CNES, the French space agency, underlines the project’s importance and signals that we are benefiting from major technical support.
The Kinéis constellation already consists of Argos operational payloads on seven satellites and a prototype nanosatellite, ANGELS, which was placed in orbit on 18 December last. France's first industrial nanosatellite, developed with the support of CNES and operated from the Toulouse Space Centre, carries technology similar to that of Kinéis. This launch and the first successful reception of messages, bodes well for the future Kinéis system, which is being developed by the same industrial team: Thales Alenia Space (architect of the system, which is in charge of the development of payloads with Syrlinks, and which is responsible for ground stations and the mission control centre) and HEMERIA (which is responsible for the satellite platforms and integration).
The project is intended to be exemplary regarding environmental issues in that it uses nanosatellites which, in addition to complying with France’s Space Operations Act, are intended to avoid space debris. The Kinéis satellites, weighing less than 30 kg, will be equipped with an electric propulsion system that will secure end-of-life de-orbiting and enable collision-avoidance capabilities.