LiFi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission.
Deepak Solanki, a 22year old student is the student of engineering. He studied robotics at IIT Bombay and IIIT Hyderabad and wanted to do something in the research space. In 2012 Solanki registered a sole proprietorship business only to stumble across a technology called Light Fidelity (Li-Fi).
Li-fi as a technology which is supposed to transmit data or power the internet using light. According to the professor Harald Hass of the University of Edinburg at a 2011 TED global talk, the system was to use LED bulbs to deliver networked, mobile, high-speed communication. The only fact is that the speed that li-fi can provide is 100 times faster than conventional Wi-Fi.
Solanki, however, felt disappointed about this when no investor understood What Solanki was doing and his prototype was either brushed aside as a science experiment or something ahead of time. India was also going through an e-commerce boom and many investors suggested Solanki start something in the online space.
Solanki says the Start-up is generating its own revenue, so he is not pressed for investments. From a time when enterprises and investors touted it as a scientific research project. Solanki has come a long way. “we had to move out of India to get the initial response, but once we had the likes of Airbus, people have started taking us seriously. We have undertaken a collaborative approach where we work with multiple partners to commercialize the technology. As an entrepreneur, you need to figure out a way and think I have been able to do that, “says Solanki.”