BENGALURU, India Reliance Technology Ventures, the venture capital arm of the Mumbai-based Reliance ADA Group, has invested an undisclosed amount in E-Band Communications, a San Diego-based designer and manufacturer of multigigabit wireless communication systems.
The Reliance funds are part of a Series B funding round for E-Band, which builds wireless equipment for the 71- to 86-GHz millimeter wave band. Other investors includes an undisclosed U.S. telecom company, Investec and Hercules Technology Growth Capital.
"E-Band provides wireless last-mile access and backhaul, which is complementary to 4G, WiMax, distributed antenna systems and remote radio heads," said Harshal J. Shah, chief executive of Reliance Technology Ventures Ltd.
Another Reliance company, Reliance Communications, is India's largest CDMA-based wireless phone services provider. It is now moving into GSM-based services, hence the E-Band investment may be linked to Reliance Communications' plans.
Reliance said E-Band's technology enables wireless transmission speeds up to 10 gigabits per second. E-Band has a license to co-develop communication systems around the 71 to 86 GHz millimeter-wave radio technology along with Northrop Grumman Corp.