Our company
Wheere, investing in the future GPS 2.0 unicorn
Wheere is an innovative deeptech that stands out for its patented indoor location technology, which pushes back the limits of traditional geolocation systems.
On the road to becoming the benchmark for indoor geolocation
At present, our technology requires the installation of terrestrial antennas to enable deployment on a territory-wide scale (four antennas are enough to cover a square kilometer).
In 2030, we plan to launch a constellation of LEO PNT (Low Earth Orbit Positioning, Navigation, and Timing) satellites, offering worldwide coverage. Our aim is to become the benchmark for indoor positioning, just as GNSS systems are for outdoor geolocation.
Phase 1
From preseed to MVP
Wheere was created in 2021 by Pierre-Arnaud Coquelin and Antoine Carrabin, after identifying a market opportunity: the problem of large-scale indoor localization, for which no technological solution provided a satisfactory answer.
Our company was the subject of a pre-seed financed by the founders in order to achieve the MVP. This objective was achieved in 2023, enabling deployment in Montpellier city center with V1 of the system. Numerous demonstrations were carried out, first with experts from CNES and Telecom Paris to validate the scientific approach, then with potential customers from various sectors, notably industry and defense security.
These demonstrations validated the system's technical performance in a real-life environment, and confirmed strong market traction, with over thirty letters of intent (LOI) obtained.
Phase 2
From seed to commercial version
In July 2023, we successfully closed a seed financing round of 11 million euros. This round was led by VCs such as Sofilaro and Blast.Club, well-known French Tech business angels such as Adrien Monfort and Arnaud Frey, as well as institutional and banking players such as BPI, OCseed, ESA BIC, Crédit Agricole and Banque Populaire Occitanie.
This financing covers our development over a 30-month period (mid-2023 to end 2025), with our main objectives being to build up a core team of talent (from 3 to 30 employees), produce the industrial and commercial version of the product (V2), install our first 10 customers, and design the general architecture of the ASIC.
Phase 3
Roadmap from 2026
At Wheere, our mission is to make indoor positioning as accessible as GPS, i.e. available everywhere, inexpensive and integrated into all B2C and B2B devices. To achieve this goal, two major steps will be necessary: the miniaturization and cost reduction of receivers (ASICs), and the worldwide availability of our technology without the deployment of terrestrial antennas (LEO PNT).
2027: Commercialization of our ASIC
By 2027, we'll be producing several million ASICs, which will replace the current module integrated into receivers. This breakthrough will significantly reduce module size from 50x50mm to less than 10x10mm, cut production costs to just a few euros per receiver, and reduce energy consumption by a factor of 10.
The ASIC will thus pave the way for universal use of our technology, enabling us to go from a few thousand trackers in service to several million.
2030: Constellation of LEO PNT satellites
The second objective of this phase is to make Wheere technology available worldwide, without the need to deploy terrestrial antennas. To achieve this, we will launch a constellation of satellites in 2028, which will be fully operational in 2030.
This ambitious initiative aims to provide global coverage, guaranteeing accurate and reliable geolocation services, wherever you are on the planet.
The deployment of our space technology will considerably extend the uses of Wheere. It will be integrated into everyday devices such as vehicles and smartphones.
Like GPS today, Wheere will be indispensable in many BtoB and BtoC applications: indoor navigation via smartphone, retail flow management, asset tracking in warehouses, autonomous vehicle control, etc.
Our ambition is clear: to achieve nine-figure sales by 2030, by establishing ourselves as the world leader in indoor geolocation, a market estimated at over 300 billion euros.
Tours de table to come
2025: Series A
In 2025, we plan to raise 80 million euros to finance the production of our ASIC (30 million), the design of our space gateway (10 million) and the launch of our first test satellites (40 million).
2030: Series B
In 2030, we will launch a Series B to finance the deployment of 300 LEO PNT satellites.
Join our adventure
Would you like to take part in our Series A in 2025?
