Ireland-Based Luna Systems Secures €1.5M Funding

The late seed round was led by Fundracer Capital and EIT Urban Mobility, with support from Enterprise Ireland.

The new product launches include a dual AI camera system designed for integration by vehicle manufacturers, offering collision warning, blind-spot detection and headway monitoring. Additionally, Luna Systems introduces a rear-facing AI camera for cyclists, paired with a connected smartphone app to enhance safety on the road.

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Andrew Fleury, CEO of Luna Systems, said: “ADAS technology for cars advances daily. We believe that, just like cars, ARAS will be just as commonplace on bikes and motorbikes in the coming years. Six in 10 people are still too afraid to cycle in their area. Fear of mixing in traffic is a crucial barrier preventing people from getting on a bike – especially in busy cities. ARAS can help the bike industry capture new segments, particularly commuter cyclists, where the element of fear is highest. In most countries, people will wait years for perfect cycling infrastructure. Meanwhile, technology is already here that can play a huge role in bridging that gap, helping everyone feel safer as they move through their city.

“This funding enables us to accelerate our hardware development and push forward with our mission. We are extremely grateful to all of our shareholders and honoured that Fundracer has come on board. Each member of the Fundracer team has made an incredible contribution to the industry, and we are thankful to benefit from their guidance. We are equally appreciative of EIT Urban Mobility and Enterprise Ireland for their continued support and trust.”

The additional funding from Enterprise Ireland the Irish government agency supporting innovation and scaling Irish businesses globally, highlights national backing for Luna Systems’ growth and international ambitions.

René Wiertz, founder and managing partner at Fundracer Capital, said: “Luna’s technology and philosophy exactly align with our vision. To date, high-level innovation has focused significantly on supporting the needs of professional and experienced cyclists, but to support the industry’s growth as a whole, everyone needs to feel safe navigating busy urban environments.

“After our market consultation, we were impressed by Luna’s ambition and technological competence, and feel they are well placed to lead this mission with their solutions. While radar solutions have captured market attention over the past decade, advancements in AI make vision a better choice from our perspective. Vision AI doesn’t just detect – its data capture capabilities help identify risk blackspots resulting from unsuitable cycling infrastructure, empowering cyclists to map safer routes.”

Founded in Ireland in 2020, Luna Systems combines 40 years of telematics and dash-cam expertise with PhD-level computer vision talent. The company develops AI-powered situational awareness tools for e-mobility, optimising models for cost-constrained hardware to help partners enhance rider safety and accelerate a car-free future.