Velos IoT
Velos IoT is a private Jersey-domiciled provider of global cellular IoT connectivity delivering eSIM and Multi-IMSI services across 700+ networks in 200+ countries, serving enterprise OEMs, telematics, logistics, energy, healthcare, and agriculture customers through its UltimateSIM and Nomad management platform.
- Company typePrivate
- Founded2004
- HeadquartersSt. Helier
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Velos IoT does
Velos IoT is a privately held Jersey-domiciled IoT connectivity provider founded in 2004, offering global cellular IoT connectivity across 700+ networks in 200+ countries through its flagship UltimateSIM (eSIM + Multi-IMSI) product, the Nomad Connectivity Management Platform, and a global coverage network spanning 2G through 5G, LTE-M, and NB-IoT. The company's core technology combines eUICC and Multi-IMSI capabilities on a single SIM with up to 10 pre-loaded IMSIs, non-steered (open-roaming) network selection, and GSMA SGP.32-compliant OTA profile management, allowing devices to switch networks automatically based on signal quality or cost without physical SIM swaps.
The Nomad platform serves as an API-first, single-pane-of-glass management layer providing zero-touch provisioning, autonomous network resilience, watchdog financial guardrails, IMEI-based security locking, unified billing, and multi-tenant white-label capabilities. Velos IoT sells to enterprise OEMs, transport and logistics providers, asset tracking and telematics operators, retailers, energy and utility companies, healthcare providers, and agriculture customers, with documented use cases ranging from smart irrigation and ECG transmission to fleet management and prepayment metering. Revenue is generated through monthly recurring charges per SIM plus pay-per-use data billing across three pricing tiers (Entry-Level, Mission-Critical, Low-Power IoT), complemented by turnkey reseller and partner programs that allow white-label distribution; the company operates a direct enterprise field-sales motion from offices in Jersey, Manchester, Copenhagen, Boston, and Tallinn, supported by Velos IntegrationPartner and VelocityPartner channel programs.
Velos IoT firmographics
Firmographics- Name
- Velos IoT
- Legal name
- Velos IoT Jersey Limited
- Website
- https://velosiot.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Velos IoT is a private Jersey-domiciled provider of global cellular IoT connectivity delivering eSIM and Multi-IMSI services across 700+ networks in 200+ countries, serving enterprise OEMs, telematics, logistics, energy, healthcare, and agriculture customers through its UltimateSIM and Nomad management platform.
- Ownership category
- akta.pro rank
Velos IoT industry classification
Industry- Product category
- IoT Connectivity Services
- NAICS
- Wireless Telecommunications Carriers (except Satellite) (517112), Telecommunications Resellers (517121)
- SIC
- Communications Services, Nec (4899), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- IoT Connectivity Management (Private APN, SIM/eSIM, Device Connectivity) (HDAIAGAG)
- akta.pro secondary industries
- IoT/M2M Mobile Network Operators (LPWAN, NB-IoT/LTE-M) (HDAIAAAH), Industrial Connectivity & Networks (5G/LPWAN/TSN/Industrial Ethernet) (IMAIAMAH)
Keywords
Where Velos IoT is headquartered
LocationHeadquarters
- HQ city
- St. Helier
Offices5 records
Markets served
Velos IoT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Infrastructure, Personnel, Marketing or Sales
Revenue model
- IoT Connectivity Services (MRC per SIM): Velos IoT charges a single Monthly Recurring Charge (MRC) per SIM, with usage-based data billed per roaming network (PPU — Pay Per Use). There are no forced bundles and no hidden charges. 30 days' notice of any pricing changes. The pricing structure is transparent and scalable from pilot to millions of devices. Entry-level configurations use cost-optimized single MRC; Mission-Critical configurations use blended MRC with wider coverage.
- Usage-Based Data (Pay Per Use): Per-roaming-network data billing (PPU model) where usage-based data is charged per roaming network. Applied across configurations, particularly for Low-Power IoT deployments which include access fees on a pay-per-use basis. Cost-optimized Entry-Level deployments use pay-per-use billing (cost/MB).
- Reseller/Partner Program: Velos IoT operates a turnkey reseller program where partners can white-label and brand the connectivity solution as their own, backed by the global network infrastructure and Nomad platform. Partners go to market under their own brand, generating recurring and usage-based revenue from their own customer base.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | Entry-Level Deployment — Cost-optimized for wide-reach deployments |
| Hybrid | Monthly | Mission-Critical Deployment — Maximum coverage and resilience |
| Usage-based | Monthly | Low-Power IoT Deployment — LPWAN-optimized for battery longevity |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Velos IoT product offering
Product offeringCore offering
Velos IoT provides global cellular IoT connectivity and SIM management services for enterprise and OEM customers. Its core offerings include the UltimateSIM — an eUICC and Multi-IMSI SIM card supporting up to 10 network identities with autonomous network switching — and the Nomad Connectivity Management Platform, a cloud-based single-pane-of-glass system for provisioning, monitoring, billing, and automating global IoT deployments across 700+ networks in 200+ countries.
Product overview
Velos IoT is an IoT connectivity provider offering a unified portfolio centered on two core products: ULTIMATeSIM and the Nomad Connectivity Management Platform. ULTIMATeSIM is an eSIM/Multi-IMSI solution providing global cellular connectivity across 700+ networks, while Nomad serves as the management layer enabling provisioning, monitoring, billing, and automation of IoT estates. The company has been operating for over 20 years and manages over 25 million SIM profiles globally.
Differentiator
Problem solved
Functional benefit
Brands
- UltimateSIM: Velos IoT's flagship eSIM solution providing robust, seamless, and secure global connectivity with multi-IMSI technology for resilience and flexibility.
- Nomad
Products and services
- UltimateSIM A flagship eSIM/Multi-IMSI SIM solution providing robust, seamless, and secure global IoT connectivity. A single SIM hosts multiple network identities on one chip, enabling devices to autonomously switch networks based on signal quality or cost. Available in three configurations: Entry-Level (cost-optimized single IMSI), Mission-Critical (minimum 4 MNOs per country), and Low-Power IoT (NB-IoT/LTE-M LPWAN). Targeted at IoT manufacturers, OEMs, telematics providers, and enterprises deploying connected devices globally.
- Nomad Connectivity Management Platform A cloud-based connectivity management platform providing centralized real-time visibility, provisioning, monitoring, and automation across global IoT SIM/eSIM deployments. Features zero-touch provisioning, dynamic OTA updates, financial guardrails, autonomous network resilience, IMEI-based security locking, unified billing, API-driven fleet automation, and multi-tenant white-label capabilities for resellers. Designed for enterprises and resellers managing large IoT device estates.
- Global Coverage Network Cellular connectivity infrastructure providing IoT devices with roaming access across 700+ networks in 200+ countries and territories. Supports 2G, 3G, 4G, 5G, LTE-M, and NB-IoT technologies via direct MNO and MVNO agreements, delivered through non-steered (open-roaming) architecture for unbiased network selection.
Quantifiable outcome
- Over 25 million SIM profiles managed globally across 700+ networks in 200+ countries
- +3 more outcomes
Companies that use Velos IoT
Customer profileNamed customers8 records
Segments7 records
Ideal customer profiles4 records
Velos IoT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature6 records
Velos IoT partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- Mobile Network Operators (MNOs) & MVNOs (700+)coreVelos IoT maintains deep, direct relationships with every major global MNO and leading IoT hyperscalers, providing access to 700+ networks through a single SIM and a single management platform. These carrier relationships form the backbone of Velos IoT's global connectivity infrastructure, enabling resilient, carrier-grade coverage across 200+ countries with no carrier lock-in.
- IoT HyperscalerscoreStrategic collaboration with leading IoT Hyperscalers to streamline data flows, ensuring devices are integrated by design with the world's most powerful cloud environments. Part of Velos IoT's Hyperscale Alignment strategy as a trusted bridge between networks and innovators.
- Velos IntegrationPartner (Ecosystem)flagshipFlagship partner program embedding specialized connectivity into solutions for energy, transport, and industrial IoT. Integration partners gain access to market development programs and tailored offers designed to scale their unique solution to the next level. Provides deep co-development of industry-specific IoT solutions.
- Velos VelocityPartner (Regional Leaders)coreRegional market leaders leverage Velos IoT's premier global coverage and preferential commercial offers to provide unmatched connectivity service in their specific geography. VelocityPartners operate as regional resellers and distributors with access to tailored pricing and support.
- Turnkey Reseller PartnerscoreVelos IoT provides a turnkey connectivity solution that can be white-labeled and branded as the reseller's own, backed by the global network infrastructure and Nomad platform. Resellers can go to market within weeks without heavy infrastructure investment.
Scale indicators7 records
Recent moves5 records
Expansion highlights6 records
Velos IoT competitors and assessment
Company assessmentDirect peers
- Eseye: UK-based IoT connectivity specialist with multi-IMSI eSIM technology (AnyNet) and its own Infinity connectivity management platform. Directly competes in mission-critical verticals (healthcare, agriculture, asset tracking) with a similar global MNO aggregation approach.
- EMnify: Germany-based cellular IoT connectivity provider offering cloud-native SIM management and global multi-network coverage. Competes with Velos in international IoT deployments and emphasizes an API-first platform similar to Nomad.
- Wireless Logic: UK-headquartered IoT connectivity provider offering multi-IMSI SIMs, eSIM, and a connectivity management platform across global MNO partnerships. Closest direct comparable in business model, customer segments (asset tracking, utilities, healthcare), and geographic footprint.
- Cubic Telecom: Ireland-based global IoT and connected car connectivity provider with embedded SIM technology and partnerships with tier-1 MNOs. Direct competitor in automotive, PC OEMs, and global enterprise IoT with similar non-steered connectivity positioning.
- KORE Wireless: US-based IoT connectivity and solutions provider offering managed connectivity, eSIM, and the KORE One platform across cellular and LPWA networks. Directly comparable in IoT MVNO model, target verticals (transportation, healthcare, industrial), and CMP offering.
- Soracom: Japan-headquartered IoT connectivity platform with global MVNO partnerships, eSIM support, and a developer-first CMP with strong API and self-serve capabilities. Direct competitor in IoT connectivity, particularly for developers and digital-native deployments.
- Aeris Communications: US-based IoT connectivity provider operating a managed IoT network with its own platform (Aeris IoT Accelerator). Competes directly with Velos in automotive, fleet, and enterprise IoT segments using a similar managed-connectivity-plus-platform approach.
Emerging players
- 1NCE: Germany-based IoT connectivity specialist offering a flat-rate lifetime fee SIM for low-bandwidth IoT. While more narrowly focused on low-data LPWA and utility metering, it overlaps with Velos's Low-Power IoT deployment tier and competes on price.
Broad incumbents
- Twilio (Super SIM / IoT): Cloud communications platform that has expanded into cellular IoT with Super SIM and Programmable Wireless. Competes with Velos in developer and SaaS-adjacent IoT deployments, leveraging Twilio's broader CPaaS customer base and self-serve model.
- Vodafone Business IoT: Global tier-1 MNO with a dedicated IoT division offering managed connectivity across its owned networks and partner footprints. Overlaps significantly with Velos in automotive, asset tracking, and enterprise IoT, but competes with stronger brand and direct network control.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Velos IoT social profiles
Digital presenceVelos IoT compliance and trust
Trust signalCompliance1 record
Velos IoT financial estimates
Financial estimateRevenue estimate
Valuation estimate
Velos IoT leadership team
Management profileNumber of profiles
Profiles5 records
Velos IoT subsidiaries and ownership
Company hierarchySubsidiaries4 records
Velos IoT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Velos IoT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Velos IoT
What does Velos IoT do?
Velos IoT provides global cellular IoT connectivity and SIM management services for enterprise and OEM customers. Its core offerings include the UltimateSIM — an eUICC and Multi-IMSI SIM card supporting up to 10 network identities with autonomous network switching — and the Nomad Connectivity Management Platform, a cloud-based single-pane-of-glass system for provisioning, monitoring, billing, and automating global IoT deployments across 700+ networks in 200+ countries.
Is Velos IoT a public or private company?
Velos IoT is a private company. It is classified as unknown and is currently operating.
When was Velos IoT founded?
Velos IoT was founded in 2004. It employs 51 to 100 people.
Where is Velos IoT based?
Velos IoT is headquartered in St. Helier.
How does Velos IoT make money?
Three revenue lines are on record. IoT Connectivity Services (MRC per SIM) is the primary driver. The others are usage-Based Data (Pay Per Use) and reseller/Partner Program.
Who are Velos IoT's main competitors?
Direct peers on record are Eseye, EMnify, Wireless Logic, Cubic Telecom, KORE Wireless, Soracom and Aeris Communications. 1NCE is listed as an emerging player. Broad incumbents are Twilio (Super SIM / IoT) and Vodafone Business IoT.
Does Velos IoT have an API?
Yes. Nomad is built on an API-first architecture. Every function available in the dashboard can be mirrored in the customer's own ERP, CRM, or BSS/OSS, allowing automation of connectivity management without leaving proprietary systems. The API enables high-performance integrations for automating asset monitoring, lifecycle management, and fleet operations. Customers like NanoLink and Meterix have integrated Nomad APIs directly into their deployment workflows and payment platforms for automated SIM activation and real-time diagnostics.
What industry is Velos IoT in?
Velos IoT's product category is IoT Connectivity Services. Its primary akta.pro industry code is HDAIAGAG, IoT Connectivity Management (Private APN, SIM/eSIM, Device Connectivity), with a secondary code of HDAIAAAH, IoT/M2M Mobile Network Operators (LPWAN, NB-IoT/LTE-M). Its NAICS code is 517112 and its SIC code is 4899.