Help Desk -
9958816305, 9810335381
Email
Password

Smart Energy Fund Invests In Estonian startup Hepta Airborne

Power News - Published on Thu, 13 Jun 2019

Image Source: le.lt
Smart Energy Fund powered by Lietuvos Energija (Lithuanian Energy) and managed by Contrarian Ventures invested in Hepta Airborne, Estonia based startup developing solution for automatic power line inspection. Hepta Airborne, a company that offers utilities an inspection drone service, has raised EUR 300 thousand funding in a round led by Contrarian Ventures, marking it the firm’s third investment. Hepta Airborne is focusing on overhead power lines use cases and has already developed a foothold in the Nordic market, where it offers tools for analyzing infrastructure based on the imagery and 3d data. The company also focuses on emergency response after extreme weather events.

Mr Dominykas Tuckus, Lithuanian Energy Board Member and Director of Infrastructure and Development said that “We are consistently investing in solutions that help us to improve the maintenance on our infrastructure. Currently, the vast majority of electricity distribution network inspections are performed by humans. It is time-consuming and costly process. Lietuvos Energija is seeking to create and implement a solution allowing full automation of electricity distribution network inspection process by 2024.”

Mr Henri Klemmer, the CEO of Hepta Airborne said that “Drone applications are very much a vibrant and moving landscape in terms of how much activity has gone on. For us, we’ve been largely and continuously focused on the commercial aspects of the market that we can solve for really difficult energy sector challenges. But I think others have had some challenges because it’s not the most straightforward thing to figure out a viable business model for scale in the drone space.” That is the reason the team had to develop their own versions of electric and gas-powered UAV platforms to enable their solution to start collecting data for the customers.

Source :

Posted By : Rabi Wangkhem on Thu, 13 Jun 2019
Related News from Power segment