AVEALTO Ltd
About AVEALTO Ltd
AVEALTO Ltd is a UK-based aerospace company developing stratospheric High Altitude Platform Station (HAPS) vehicles for wireless broadband infrastructure as a lower-cost, lower-latency alternative to traditional satellites. Founded in 2013 and incorporated in the UK, the company has conducted multiple vehicle test flights in the US between 2015 and 2018, including 8-meter, 11-meter, and 28-meter prototypes that received FAA airworthiness certification. It has secured a production facility site at Lydd Airport in Kent to support manufacturing and aims to deploy initial commercial networks in Southeast Asia.
- 🔗 Press Releases | Telecom Platform News and Media
- 🔗 AVEALTO Opening $20 Million Round A To Fund Initial ...
- 🔗 Avealto Opens $50 Million Funding Round to Launch Stratospheric Broadband Production – SatNews
- 🔗 Avealto Completes First Round Funding with a 3 Million US ...
- 🔗 Avealto’s Low-cost HAPS-based Broadband Project Launches Funding Drive | Aviation International News
Investors
Not disclosed in the source filing. Form D filings do not list investors — StreetZero surfaces them from news where available.
Key highlights
- Announced $50 million funding round to finance UK manufacturing facility and Southeast Asia network deployment.
- Completed multiple stratospheric vehicle test flights in Nevada, USA, including FAA-certified 28-meter prototype.
- Secured production site at Lydd Airport in Kent projected to create 40-50 advanced engineering roles.
- Positioned as lower-cost alternative to satellite infrastructure with 13 years of UK R&D at reduced costs.
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Source document & SEC filing
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