It looks like it’s going to be a bright future ahead for MVNO US Mobile.
Just recently, the T-Mobile and Verizon MVNO was able to raise $11.5 million in Series A funding from Volition Capital. With this money, the MVNO plans to expand and get ready for eSIM and 5G adaptation.
Specifically, the MVNO plans to focus on growing its product, building its engineering team, and marketing campaigns with the funding. It will also allow the MVNO to start building its retail presence at different locations throughout the country. For a company that has since had an online-only sales channel, this is definitely a huge step.
“We are working with some of the bigger big box retailers,” CEO and founder Ahmed Khattak shared. “We still see a lot of value in it. A lot of our users would like to go down the same day to their local Target or these companies to be able to pick up our SIM card. So I would say that is something that is becoming a big part of our strategy.”
The CEO shared that US Mobile has plans to work with multiple retailers to distribute its products and services. This will allow them to see a significant retail expansion in 2022.
“We feel pretty good about getting to that half-a-million-subscriber number over the next 24 months to like 30 months,” the CEO said. “That would be our base line. At this point the growth has been pretty incredible for us, so I feel like that’s where we’d like to get to as a minimum.”
In addition to its plans to expand its retail footprint, US Mobile is getting ready to release a new line of devices equipped with eSIM capability. The goal is to roll out these devices within the next two weeks.
A reason for this move is because the company wants its customers to have an easy experience of buying plans and purchasing phones. With the help of eSIM, customers no longer need to head to a physical store to change carriers.
While the demand for 5G exists, Khattak believes that implementation hasn’t been that great for a lot of companies so far. But they are getting ready for it and are aiming to offer more options once 5G starts rolling out.
