The new era of Li-Fi
Name of Company: Velmenni Research and Development Pvt Ltd
Name of Founder: Deepak Solanki
City: New Delhi
Revenues: Undisclosed
Headcount: 14
Industry: High-Tech
Investor Details & Amount Raise: Angle Investors from UK / Undisclosed Pre-Series A
At the age of 22, Deepak Solanki had it all figured out. An engineering student, Solanki toyed with robotics at IIT Bombay and IIIT Hyderabad and wanted to start something in the research space. The year was 2012 and Solanki registered a sole proprietorship business only to stumble across a technology called Light Fidelity (Li-Fi).
The internet today is powered by radio waves and Wi-Fi uses these waves to transmit data or power the Internet. Li-Fi as a technology was supposed to transmit data or power the Internet using light. Coined by Professor Harald Haas of the University of Edinburgh at a 2011 TED Global Talk, the system was to use LED bulbs to deliver networked, mobile, high-speed communication. What is remarkable is the fact Li-Fi can provide Internet speeds that are 100 times faster than conventional Wi-Fi.