[Funding alert] Paris-based HyLight Secures €3.7 Million in Funding

The French Y Combinator alum will be able to monitor any kind of infrastructure from the air with a zero-emission solution thanks to this agreement, which will speed up the airship drones' industrial-scale deployment. pipelines for gas, electricity, railroads, etc. A decarbonised, affordable, and effective solution is at last available for all businesses requiring aerial data collection.

With this €3.7 million, HyLight will be able to reach three significant benchmarks. First of all, it will present the chance to execute its initial large-scale operations. Its market position will be strengthened as a result of this operational development, which will also help its network of strategic alliances grow.

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The money will also enable the business to hire additional specialists in a number of domains, including software development, industrialization, mechanical engineering, embedded systems, hydrogen systems, and aviation regulation.

Martin Bocken, CEO of HyLight, said: “This round of financing is a decisive milestone for HyLight. It allows us to realize our vision of providing large-scale infrastructure inspection in a decarbonized and highly precise manner. With the support of our investors, we are ready to redefine the standards of industrial inspection and meet growing environmental and regulatory requirements.“

These pipelines and power lines are essential pieces of infrastructure that enable society to operate as intended. For this reason, in order to guarantee their proper functioning and stop failures, they need to be inspected on a regular basis—sometimes even several times a month. Today's infrastructure operators, however, find it difficult to carry out thorough, precise inspections.

The company has also joined the University of California, Berkeley's SkyDeck accelerator, as well as prestigious French accelerators like Wilco, Agoranov, the French Transport Innovation Agency's Propulse programme, and the EDHEC network through Générations, Ring Capital and EDHEC's seed fund.

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High-profile investors and mentors like Abhishek Tripathi, the former launch director of SpaceX, and Marc Tarpenning, the co-founder of Tesla, support HyLight as well. Additionally, the startup has carried out a project with the biggest power line operator in Europe, Enedis. HyLight, which is backed by the IDF area, is also a winner of France 2030.

Myriam Maestroni, President and Founder of e5t, added: “I am delighted to support HyLight in its ambition to revolutionize aerial inspection with its hydrogen-powered airship. This innovative technology provides a decarbonized and efficient solution to meet the growing needs of the energy, transportation, and infrastructure sectors. We are confident that HyLight is well positioned to become a global leader in this rapidly expanding field.“

Gaspard Martin, Investor at the Générations fund powered by EDHEC from Ring Capital said, “We are pleased to support HyLight Aero, which, with its airship, contributes to the decarbonization of aerial inspection by improving the detection of faulty components and methane leaks that are responsible for significant greenhouse gas emissions,”.

Sibylle Behaghel, investor at the Générations fund powered by EDHEC from Ring Capital said, “We were immediately drawn to HyLight Aero’s product and the strong conviction of Thomas, Josef, and Martin. Their airship, which we visited at their site at base 217 in Brétigny, is a very impressive patented innovation, but more importantly, it is an effective ecological alternative that replaces helicopters, which are much more expensive and polluting. We are very proud to participate in the decarbonization of aerial inspection through this investment,”.

About HyLight

HyLight aspires to improve our societies' ability to withstand the consequences of climate change by focusing on the critical process of observation and inspection for a deeper comprehension of their surroundings.

HyLight is creating a method for quickly inspecting big spaces. Their aerial vehicles have the ability to gather diverse information across vast distances without releasing any greenhouse gases into the atmosphere.