Reliance Technology Ventures Ltd. Leads Investment Into US-Based, E-Band Communications Corporation
Reliance Technology Ventures Limited (RTVL), the corporate venture capital arm of the Reliance ADA Group, has invested an undisclosed amount in E-Band Communications Corporation (EBCC) as a lead investor for its Series B round. Reliance Technology Ventures Ltd. is a 100% subsidiary of Reliance Capital Ltd
1. EBCC was started in 2003 to develop ultra-high capacity wireless communications systems for the 70/80 GHz E-band spectrum, recently licensed by the US Federal Communications Commission for commercial communications.
2. EBCC has an exclusive license agreement to co-develop products and communication systems around this technology, with the $30 billion Northrop Grumman Corporation, one of the world’s largest defense, aerospace and technology companies.
3. EBCC’s technology enables the highest possible wireless transmission speeds ranging from 1 Gigabit per second up to 10 Gigabits per second.
4. The funding round includes existing investors namely ADC and one of the largest US telecom companies along with Reliance Technology Ventures Ltd., Investec and Hercules Technology Growth Capital.
According to Harshal J Shah, CEO of RTVL, EBCC’s technology is a strong enabler of bandwidth intensive applications. "EBCC provides wireless last mile access and backhaul which is complementary to 4G, WiMAX, distributed antenna systems (DAS) and remote radio heads (RRH), with much greater flexibility than traditional terrestrial networks, and the speed and cost effectiveness of wireless deployment.”
As per Sam Smookler, CEO of EBCC, "EBCC not only has the industry’s leading technology but has brought together a world-class management and engineering team to cater to the ultra-high capacity wireless needs of customers. We are happy to be having RTVL as the lead investor. We see this as a beginning to a fruitful association with the Reliance ADA Group.”
About Reliance Technology Ventures Limited
RTVL has advised and / or invested in deals to the tune of over $1 billion. Yatra.com, India’s largest on-line travel portal is one of its portfolio companies. RTVL has also led the investment into an undisclosed technology company which formed the basis of the largest venture capital transaction in India. RTVL invests in leading edge technologies, disruptive business models and technology-enabled companies around the world.
For further information, please contact:
Reliance Technology Ventures Ltd.
Tel: +91.22.30327039 / +91.22.30327000