CONCEPT

The internet as we know it is powered by radio waves, which is then transmitted to Wi-Fi. Li-Fi is a unique technology that instead transmits the power of the internet via light. You can use LED bulbs to deliver the high-speed internet we all enjoy, and it is 100 times faster than today’s conventional Wi-Fi. Velmenni are breaking ground on new light technology innovation and have created a Li-Fi based mesh network which can transmit information over large distances.

HOW THEY’RE DISRUPTING

Li-Fi technology has multiple advantages over regular Wi-Fi. The method is high-speed and can conduct data transfers 10 times fast than traditional Wi-Fi, and is also more secure than radio waves. Velmenni have been working in the research and development of Li-Fi and are working in industry to run pilot projects on utilising this technology.

DISRUPTION POTENTIAL

The growing desire for faster and better internet connection is becoming more prevalent. 5G is expected to hit the market in 2020 and by 2021, the number of 5G connections is forecast to reach a figure of between 25 million and 100 million. Li-fi would make an internet connection anywhere on the ground or in the air possible, something that a traditional mobile infrastructure couldn’t do.

INVESTMENTS AND FUTURE

Velmenni are running pilots across industry and are particularly focusing on aeronautics and consumer domains. No investment information is available at this time.