EIB backs OQ Technology with $29M to fund 20‑satellite D2D/IoT LEO rollout, targeting 100+
Luxembourg‑based satellite IoT and direct‑to‑device (D2D) startup OQ Technology has secured $29 million in European Investment Bank financing to fast‑track development and launch of roughly 20 LEO satellites over the next two years as it scales toward a 100‑satellite constellation.