UNIO receives 2.5 million euros in pre-seed funding

UNIO secures 2.5 million euros in pre-seed funding from space companies such as OHB and IABG. The start-up is developing a product for seamless internet connectivity in connected vehicles that will be launched in early 2024

Munich, October 30, 2023 - Munich-based start-up UNIO announced today that it has closed a pre-seed financing round totaling 2.5 million euros. The investors in this round are OHB SE, a space and technology group, and IABG, an established European technology company with expertise in aerospace. Also participating are SES and Reflex Aerospace, who have already invested as founding partners of the UNIO joint venture together with Mynaric and Isar Aerospace.

I am delighted that OHB and IABG, together with existing joint venture partners SES and Reflex Aerospace, are guaranteeing the funding to develop our ground-breaking UNIO Bridge product.

Katrin Bacic, CEO UNIO

UNIO is focused on creating seamless connectivity for connected vehicles by linking terrestrial and satellite networks. The funding received will be invested in the development and market launch of the UNIO Bridge product. This product enables a smooth transition between 5G networks and satellite connectivity to ensure end-to-end internet connectivity.

UNIO comes at the right time to address the growing market for customized space applications.

Marco Fuchs, CEO of OHB SE

The UNIO bridge product will be used in various industries, including logistics and agriculture. The first products are expected to be delivered to a key customer in early 2024, with a full market launch planned for the third quarter of 2024.

The demand for Earth observation data and seamless 5G SatCom connectivity is increasing in various areas. UNIO offers a solution by combining different elements in its ecosystem - from satellite construction and launch capabilities to laser and RF connectivity and satellite operations.

Prof. Dr. Rudolf F. Schwarz, CEO and owner of IABG

The pre-seed funding strengthens UNIO's position and enables the further development of its product to improve connectivity in connected vehicles. UNIO, a New Space company, was founded in Munich in 2022. A joint venture between Isar Aerospace, Reflex Aerospace, Mynaric and SES, UNIO brings together expertise from leading players in satellite communications. Its goal is to build Europe's first commercial satellite constellation for fast and secure connectivity, especially in the mobility and logistics sector, but also for B2B and B2G communication.