Two futuristic projects are coming together to help increase global internet access after Loon, the Google spinout that uses a collection of floating balloons to bring connectivity to remote areas, announced it has raised money from a SoftBank initiative.
HAPSMobile, a SoftBank project that is also focused on increasing global connectivity, is investing $125 million into Loon, according to an announcement from SoftBank made this morning. The agreement includes an option for Loon to make a reciprocal $125 million investment in HAPSMobile and it includes co-operation plans, details of which are below.
HAPSMobile is a one-year-old joint venture between SoftBank and U.S. company AeroVironment. The company has developed a solar-powered drone that’s designed to deliver 5G connectivity in the same way Facebook has tried in