Switzerland-based Astrocast combines IoT features and New Space technology to enhance asset tracking in any part of the world. On the back of such innovative solutions, the company has received funding from Luxembourg based investment firm Boundary Holding, led by Rajat Khare.
Asset tracking and monitoring has been one of the biggest challenges in the remote areas due to the uneven wireless connectivity and other region-specific blind spots. Although businesses are operating worldwide, connectivity isn't global as yet. At least 5 billion smart devices are expected to be working by 2025, with major part of the equipment connected by satellite.
According to an estimation, cellular connectivity covers only 10 per cent of the planet, paving the way for satellite IOT to cover the remaining potential market. This is where Switzerland-based Astrocast that specializes in nanosatellite technology offers an affordable option to track, monitor, measure and communicate with assets anywhere on the Earth. As a result, a number of IoT opportunities arise, starting from measuring pipeline flows to tracking migration.
Apart from this, monitoring the delivery of food, water and vaccine, especially to the remote areas is also of great importance. Astrocast's combination of IoT features and new space technology enhances asset tracking in any part of the world. The holistic solutions offered by the company can cater to different sectors, including environment, maritime, logistics, agricultural applications, etc. The company's direct-to-orbit service makes it easy to track moving assets, backed by broad ground terminal network and fully customizable communications.
On the back of such innovative solutions and having the most number of satellites in orbit, Astrocast attracted global investment firm Boundary Holding, led by Rajat Khare. The investment will help the Nano satellite company develop its operations across various industries, besides increasing its brand visibility across multiple markets around the world. With leading integration solutions, it has already emerged as a leading satellite telecom operator in the country.
In remote areas, asset tracking could be a frustrating task. When a company is unable to reach out to the drivers and operators, it faces a number of challenges in terms of planning and overall safety. With nanosatellite technology, the new-age firms give fleet managers total visibility. The nanosatellite tracking system has a significant advantage over cellular networks, simply because it does not need to rely on spotting coverage based on cell towers.
With advanced solutions from companies like Astrocast, asset tracking is will no longer remain a challenge in remote areas, as the entire process can be undertaken with the same amount of visibility that is enjoyed by the devices operating in the big cities.
