We collect high quality imagery data using drones that we process with our special software applying AI and machine learning algorithms
So far we have inspected & analyzed more than 650 km power lines operated by Power Distribution Companies and industrial clients. On top, we have carried out inspections of more than 30 renewable assets (wind turbines+solar parks). Recently we have conducted pilot projects for inspection underground pipelines and railway infrastructure.
Our main clients are the Power Distribution and Transmission companies, as well as Railway infrastructure companies, Renewable assets such as wind and solar parks, Underground district heating pipelines and Gas pipelines. Our immediate market is Central & Eastern Europe + Turkey; next step of business expansion is Western Europe and Latin America
Problem or Opportunity
The problem that we solve is that the Power Distribution and energy companies have to inspect their assets on a regular basis, but they lose money doing it ineffectively and inefficiently. There are 3 main reasons for that: 1. the usual on-foot inspections are slow and costly; 2. most of the areas are hard to access and assets are not properly inspected; 3. the (manually) collected data is difficult to process and analyze
Solution (product or service)
With our off-the-shelve drones we collect high quality images of the inspected assets that we process with our special software applying AI, image recognition and machine learning algorithms. We detect the technical problems on the assets and help utilities to conduct preventive repairs to avoid emergency situations. Our platform is easily accessed remotely and we integrate seamlessly all deliverables into the GIS of our clients.
We are replacing the usual on-foot inspections carried out by the technicians, especially in hard-to-access areas. We are much faster and more effective, detecting up to 5 times more technical problems. In comparison to our competitors executing aerial inspection we use industrial off-the-shelve drones and collect high quality and detailed images of the inspected assets which is crucial for the quality and reliable data processing and analytics.
Advantages or differentiators
We have developed a special software together with our customers (Power Distribution Companies) which is fully in line with their specific needs and requirements for GIS integration. The platform can be easily amended with new functionalities and adjusted to the client`s needs and different projects.
So far we have generated in total 65 000 EUR from executed projects.
Our business model is quite simple - we charge our customers per inspected kilometre of power lines/assets or per renewable unit
Money will be spent on
Most of the investor money that we are looking for, will be spent for data processing automation, autonomous drone inspections and business development for expanding the geography of the business activities.