1NCE GmbH

Based in Germany, 1NCE GmbH develops network connectivity solutions specifically for low-bandwidth Internet of Things (IoT) applications, focusing on sectors such as GPS tracking and smart metering. 1NCE GmbH provides managed connectivity services for IoT applications, founded in 2017 in Cologne, Germany. The company has successfully completed 3 deals, including raising USD 60 mn in funding in April 2025. Alexander Sator serves as both CEO and Founder.

1NCE specializes in managed connectivity services for low-bandwidth IoT applications across various sectors such as GPS tracking and smart metering. The flagship product, 1NCE IoT Lifetime Flat, offers a prepaid service allowing device connectivity for up to ten years at a price of USD 10. This model includes data allowance and functionalities like access point names, OpenVPN, and SMS, attracting a diverse clientele of over 24,000 customers in 173 countries, supporting multiple radio standards including 2G, 3G, 4G/LTE-M, and NB-IoT. 1NCE operates on a subscription-based revenue model, particularly through the 1NCE IoT Lifetime Flat service.

Customers can purchase prepaid SIM cards at fixed prices, with the IoT SIM Card Business at USD 1, the ruggedized Industrial variant at USD 2, and the IoT SIM Chip Industrial at USD 2. 50. Revenue is primarily generated through B2B transactions as businesses integrate 1NCE's solutions to enhance efficiencies in sectors such as smart metering and fleet management. In April 2025, 1NCE GmbH raised USD 60 mn in venture funding, which will be utilized to expand global operations, introduce new artificial intelligence capabilities, and enhance their product line with a next-generation Software as a Service platform.

Furthermore, the company aims to increase its presence in the US market as part of its growth strategy.