Safety Bolt develops a world-patented strain sensor, unmatched in its sensitivity, speed and low-cost application for Power Tools and predictive maintenance in Mining, Infrastructure and Energy.
Current Status
* Together with Bosch Power Tools in the Co-development of a high-volume, high-margin, global product
* In paid co-development with Scandinavia’s largest Mining companies for a €10M sales per mine product
* With a commercial team of 5 senior executives (Ex. McK), in 5 countries, with 5 engineers and 15 industry-leading partners
* Having closed a convertible and in the DD process with Top Tier deep tech VCs for a €2M fundraising
Problem or Opportunity
Strain breaks things and large structures (buildings, bridges, tunnels, mines, wind turbines etc.) are put together with bolts. Unmonitored strain leads to breakage, LKAB (largest mine company in Scandinavia) accident in 2020 cost €1.2B so far. €50B insurance company looking to monitor strain in buildings.
Solution (product or service)
Monitor the strain in the bolts, you monitor the structure at large. Safety Bolt (SB) offers the worlds best strain application in sensitivity, speed and cost efficiency.
Technology developed together with RISE, Research Institutes of Sweden (most prominent and state backed research institution in SWE) leading to a world patent, where SB has full ownership.
Business model
Combined Licensing and product strategy for best risk mitigation
1. Co-Development + Licencing
Sell licence to: (100X margin) Mining + Construction
BM: Co-develop industry applications sold by leading multinationals
2. Full Systems Provider
Sell data to: (€10M per project) Infrastructure, Transport, Energy
BM: End to end SaaS provider to capture full product margin
3. Global leader in Strain data analytics
Sell Insights to: (Value of uptime) Infrastructure, Transport, Energy, Mining & Construction
BM: Co-develop industry applications sold by leading multinationals
