Angkasa-X Innovation
Industries | Satellite-as-a-Service |
---|---|
Sector | Research & Development |
Looking For | Angel Investor |
Fund Raising Status | Equity Crowdfunding |
Funding Target | RM2,000,000.00 |
Angkasa-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind
Summary Video
Company Details
Summary
Angkasa-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind.
Business Model
We offer Satellite As A Service (SAAS) for countries in Southeast Asia via the ASEAN-LINK Satellite Constellation to provision satellite internet connectivity and related services to communities living in rural areas. Angkasa-X strives to establish and develop the ASEAN Space Economy via the ASEAN-LINK Satellite Constellation.
Market
Southeast Asia
Competition
Countries such as the USA, China, Canada, South Korea and UK have already launched communication satellites into space and plans to launch more in the future. It is estimated that over 75,000 communication satellites will be launched by 2030.
Founders
Dr. Sean Seah & Dr. William Lim
Team
We have various departments, among others; business development, program management, marketing, R&D, operations, design and engineering.
Funding
Angkasa-X will secure funding via equity crowdfunding, private placement and subsequently, the US capital markets, advised by our financial incubators Greenpro Capital Corp. (NASDAQ:GRNQ) and SEATech Ventures Corp. (OTC PINK:SEAV). Angkasa-X needs to raise funds for R&D, AIT, build and launch an estimate of 500 LEO satellites to form the Angkasa-X ASEAN-LINK Satellite Constellation.
AngkasaX Innovation Sdn. Bhd. intends to be merged into Angkasa-X Holding Corp (¡°AXHC¡±) upon successful listing of AXHC in the US capital markets, granting AngkasaX Innovation Sdn. Bhd¡¯s ICPS shareholders a right to convert into AXHC¡¯s shares.
AngkasaX Innovation Sdn Bhd¡¯s ICPS shareholders are also presented with the option of swapping their shares for the shares of SEATech Ventures Corp. (OTC PINK:SEAV) after the maturity of the ICPS tenure.