DITEL Successfully Introduced a New Round of Financing
Recently, Yida Capital joints Ningbo Industrial Investment Group’s Hefeng Venture Capital Company to start a new round of financing of Ningbo DiTel Electronic Technology Co., Ltd. As the lead investors in the last round, Furen Capital continues to follow up investment in this round of financing. The funds of this round of financing will be used for satellite communication applications market expansion and government projects.
DITEL founded in 2010, and specializes in satellite communication integrated solutions. Currently, DITEL focuses on maritime satellite communication, providing stable and convenient communication services for marine environments that are not covered by land base stations. For merchant ships and fishing boats customers, DITEL concentrates on the research and development and the production of a series of maritime VSAT antennas. Make full use of domestic satellite resources to provide customers with maritime satellite communications traffic operation service. At the same time, DITEL configures ships with all kinds of hardware and software required for satellite applications, and provides satellite communications integrated solutions. Therefore, Internet services can be used smoothly even on board, and effectively solve the problems of high cost and low efficiency of existing maritime communications.
Over the years, DITEL serves the country’s “new infrastructure on the sea”, and adheres to the implementation of broadband to the sea. With more than half of the market share in the maritime satellite communication industry, DITEL has already served more than 100,000 customers and more than 18,000 ships. Because of continuous improvement of product strength, DITEL has undertaken many government projects in the past two years. Coordinate the upstream and downstream of the industrial chain to provide high-quality solutions for the development of national advanced marine industry and the consolidation of maritime information security.
With the gradual improvement of the domestic satellite communication industry chain, DITEL will continue to deepen the application of satellite communication, and strengthen research and development. Promote the localization process of VSAT components, so as to serve more application more efficiently.
MAO Fangdi, chairman and CEO of DITEL, said that DITEL is a leading enterprise in the service and manufacturing industry featuring maritime satellite application in China, and is a high-tech enterprise focusing on the research of high gain satellite antenna and satellite signal servo tracking technology. After completing this round of financing, DITEL will continue to increase investment in research and development, and gather strength in satellite antenna system, satellite Internet application, satellite Internet of Things, digital ocean, ocean big data center, informatization and digitalization supervision of safety production, fishery automation management and other fields. Keep up with the requirements of national digital reform and safety intelligent supervision reform to make contributions to the high-quality development of Chin’s satellite communication industry.
Guo Tong, investment director of Yida Capital, said that first of all, be optimistic about the application of satellite communication in various fields in the future. With the reduction of satellite launch cost and the rapid decline of satellite communication traffic charge, it will bring satellite communication application great opportunities. Next, DITEL is an absolute leader in the field of offshore maritime communication. And also look ahead to the Matthew effect. In addition, MAO Fangdi has been engaged in this field for more than 10 years, and believe that he and his team can seize the opportunity of large-scale commercialization of satellite communication in China. In the end, it is hoped that on the premise of consolidating the existing application field, DITEL will gradually expand other application fields.
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