EIC Accelerator Triumph: Hybrid Lidar Systems revolutionizing sensing technology
In this article, we will discuss how our client Hybrid Lidar Systems Ag secured EIC Accelerator funding, and more about the startup's disruptive project and technology.
A human sees thanks to his eyes, while the machines of the future will see thanks to LiDAR technology. In the fast-paced world of cutting-edge technology, we are thrilled to cast a spotlight on our client, Hybrid Lidar Systems AG, a startup that not only redefines sensing technology but has also achieved a significant milestone by securing European Innovation Council (EIC) Accelerator grant in the January cut-off (see all winners here).
The EIC Accelerator is designed to support and propel small and medium-sized enterprises (SMEs) with radical innovations that have the potential to reshape industries. This program offers up to €17.5 million (including €2.5 million grant and €15 million equity), and this year the Accelerator offers €1.13 billion total funding in grants. Hybrid Lidar secured blended finance, with €2.4 million grant and €2.2 million equity, with added coaching, mentoring, and acceleration services.
Established in 2018 in Germany, Hybrid Lidar Systems AG blended Time of Flight (ToF) and Phase Shifting (PV) methods to create LiSSA 3D Lidar—a revolutionary 3D Solid State Flash LiDAR sensor to enhance safer driving. LiSSA, Lidar for Smart Sensing and Automotive, redefines LiDAR with high resolution (double VGA) and precision (<1cm at 200m). It also simultaneously covers multiple areas, enhancing object classification—a boon for self-driving cars.
LiSSA 3D is useful in autonomous driving, detecting small objects at remarkable distances and speeds. The project aims to equip moving traffic with LiDAR sensors, enhancing road safety substantially. Plus, LiSSA 3D's computational efficiency ensures affordability.
Beyond its monumental impact in the automotive sector, this innovative technology finds applications across diverse industries, including industrial and smart cities. Hybrid Lidar Systems AG is also setting its sights on adapting its cutting-edge lidar technology for everyday consumer electronics like augmented reality (AR) glasses, smartphones, and tablets.
Securing the EIC Accelerator grant is no small feat—it's a testament to a company's ability to push boundaries, challenge norms, and bring visionary ideas to life.
Learn more about the project: Hybrid Lidar