Hyperion Robotics

3D Printing For Housing Industry

Company Information

Website:

http://hyperionrobotics.com/

Sector:

Construction

Location:

New York, NY

Hyperion Robotics is a 3D printing company. It’s developed 3D printing technology and materials designed specifically for the construction industry.

Today, mainly due to a lack of qualified construction workers and escalating construction costs, there’s a housing crisis in many parts of the world.

In 2018, for example, 900,000 new homes will be built in the U.S. — 400,000 fewer than what's needed to keep up with population growth. And as of June 2018, roughly 200,000 U.S. construction jobs were unfilled.

3D Printing offers a solution to this crisis. It’s up to 70% quicker than traditional construction processes, helps save up to 80% in labor costs, and can build stronger structures with less material.

This helps explain why the 3D printing construction industry is projected to reach $40 billion by 2027, and has already become popular around the world. For example, Dubai has mandated that 25% of all buildings must be 3D printed by 2030.

This is the sector Hyperion Robotics is entering. Its 3D printing machines and proprietary concrete materials can print all the essential elements of a home — from internal and external walls to complex geometric structures.

Hyperion has already built a prototype of its system and testing is underway. For example, a property developer in New Orleans will be using Hyperion’s systems for a showcasing project, and the company is aiming to bid on a large housing project in Indonesia.

Hyperion’s robotic systems will start at $450,000 for mobile units, and $380,000 for stationary ones. According to the company, each machine can build approximately 50 homes per year.

The company estimates that showcasing each of its projects will cost $100,000. From each showcase, Hyperion expects to acquire 10 to 15 new customers. Based on this, the company’s customer acquisition cost will range between $6,700 and $10,000.

Hyperion assumes the average customer will purchase 1 of its robots in Year 1, 3 in Year 2, and 5 in Year 3, and the average lifetime value for each customer will be roughly $9 million.

For the remainder of 2018, Hyperion will focus on solidifying partnerships with construction companies and launching pilot projects. In addition, the company will obtain certifications to meet international building standards.

In 2019, the company will refine its system based on feedback from pilot projects and begin sales.

Hyperion’s team has significant domain experience. For example, Ashish Mohite previously co-founded Atomic Shapes, a 3D printing design company. And Oriol Ala Puig has a background in mechanical engineering with a focus on robotics and 3D printing.

In addition, its CEO was one of the recipients of last year's Forbes’ "30 under 30" list in Asia.

Team Background

Oriol Ala Puig - Co-Founder & CTO

Oriol has a background in mechanical engineering with a focus on robotics and 3D printing.

Before starting Hyperion, he co-founded AddComposites, a manufacturing technology company that prints composite parts for specialty applications.

He previously served as a mechanical engineer at Aalto University School of Science and Technology.

In addition, he was a mechanical engineer for Control Express, a Finland-based engineering company.

Oriol earned a Master’s degree in Mechanical Engineering from Aalto University.

Fernando de Los Rios - Co-Founder & CEO

Prior to starting Hyperion Robotics, Fernando co-founded Cazza Construction.

In addition, he previously founded Prix, one of Peru’s first online grocery stores.

For more than two years, Fernando served as an auditor for Ernst & Young, a multinational accounting firm.

He earned a Bachelor’s degree in Business from Universidad del Pacifico, and was featured on Forbes’ 30 under 30 Asia list in 2017.

Ashish Mohite - Co-Founder & Chief Design Officer

Ashish previously co-founded Atomic Shapes, a 3D printing modeling company focused on teaching users how to create 3D models.

He is studying toward his Ph.D. at Aalto University Digital Design Laboratory with a focus on 3D printing.

Cesar Fernandes - Co-Founder & Chief Operating Officer

Cesar has more than eight years of experience in the supply chain and worker safety sectors.

Specifically, he focused on on-site operations management and implementing new safety systems.

Cesar earned a degree in Mining Engineering from Exeter University.

Co-Investors

Raising
$600K
Committed
$113.097K (19%)
Current Valuation
$6 million Cap / 0% Discount
Min. Investment
$1000
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
Notable Investors
Learn more on SeedInvest