25 Oct HYPERION ROBOTICS SECURES €3M TO DECARBONIZE CONCRETE AND BRING AUTOMATION TO THE CONSTRUCTION INDUSTRY
Hyperion Robotics, a Finnish technology company that specializes in advanced automation and sustainable technologies for concrete and the construction industry has raised a € 3 million funding round.
Lifeline Ventures, one of the leading VCs in the Nordics and in Europe led the round alongside co-investors from the climate and construction sectors which include Impact VC Ubermorgen from Switzerland, PC Rettig & CO Impact, a Finnish/Swedish family office with industrial background, Goldacre, a construction VC from the UK and its first investor, climate focused VC and accelerator Katapult from Norway. Katapult was Hyperion’s first investor and they are confirming their commitment through a new investment in this round.
This investment will allow Hyperion to scale-up its R&D capabilities, ramp up its software and materials technology and deploy the first Microfactories to large-scale projects around the world. Kai Backman, partner at Lifeline, will join the board.
“We are excited to invest in Hyperion, a company that has found a very unique way to implement additive manufacturing and software in concrete production,” Kai said, “ the combination of highly optimized structures, robotically manufactured and made with sustainable concrete provides a unique edge for Hyperion to scale up its Micro-factories and make a massive impact in this very conservative industry.”
“Cement is the source of about 8% of the world’s carbon dioxide emissions. To solve the climate crisis, we have to find solutions to reduce the carbon-intensity in the construction sector. Hyperion Robotics developed a key technology that reduces carbon dioxide emission in two ways: It allows for more complex structures that reduce the amount of material used by up to 75% vs. conventional structures and it recycles industrial waste to produce low-carbon cement mixtures. Moreover, Hyperion decreases construction costs significantly for multiple use-cases and increases labor safety. We believe that Hyperion can become a game changer in construction and are excited to join them on their growth journey.” Alexander Langguth, General Partner at Übermorgen Ventures said.
Hyperion provides an end-to-end solution in the form of mobile 3D printing Micro-factories, which can work either in a stationary location or travel from site to site and combine the high precision of industrial robots with the intelligence and control of Hyperion’s proprietary hardware and software, which allows customers to automatically produce reinforced concrete structures for different kinds of industrial and infrastructure projects.
“In the past few decades, construction has been facing numerous challenges, namely logistics complexities to project delays, high costs and health and safety risks. At the same time, its environmental and social impacts are significant. Construction businesses can unlock higher growth and productivity by adopting 3D printing technologies to automate building processes and improve sustainability across the lifecycle of their projects,” Fernando De los Rios – CEO of Hyperion Robotics shared. One of the most unique products that we have developed is our optimized foundation which uses 75% less materials compared to traditional concrete foundations while reaching similar structural properties and high quality standards. However, the best is yet to come. We are keen to collaborate to improve our solution and move the industry forward to a better and cleaner future.”
About Hyperion Robotics
Hyperion Robotics is a Finnish technology company transforming one of the largest but most old-fashioned industries – construction. In construction, concrete is responsible for 8% of global CO2 emissions, the equivalent of 2.8 billion tons of CO2 every year. By combining large-scale 3D printing with low-carbon concrete, Hyperion is bringing a solution of automation and sustainability to the industry. Hyperion has been working with leading industrial global players such as Iberdrola and Metso Outotec and is deploying its mobile Micro-factories to increase efficiencies and reduce carbon emissions from industrial and infrastructure projects around the world.