EasyX

EasyX

EasyX are developing the VCR (Vertical Cleaning Robot) for cleaning and disinfection of fish-tanks at smolt plants and land based fish farms.

HQ location
Bergen, Norway
Website
Launch date
Employees
Enterprise value
$6—9m
Company register number
924736089
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Financials

Estimates*

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Revenues, earnings & profits over time
NOK20202021202220232024
Revenues00000000000000000000
% growth-145 %182 %511 %(24 %)
EBITDA00000000000000000000
Profit00000000000000000000
% profit margin21 %(47 %)(120 %)(74 %)(222 %)
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Company filings or news article

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More about EasyX
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easy X is an innovative startup founded in 2020 by former professionals from the oil and gas sector. The company specializes in developing robotic solutions for hazardous work environments, particularly focusing on non-metallic surfaces such as wood and concrete. Their flagship product is a robot designed for cleaning and disinfecting fish tanks in the aquaculture industry. This robot offers a cost-effective and hygienic solution that does not require any modifications to existing facilities.

The primary market for easy X is the aquaculture industry, which involves the farming of fish and other aquatic organisms. The company serves clients who operate fish farms and need efficient, reliable, and safe cleaning solutions for their tanks. By using easy X's robotic technology, these clients can reduce human exposure to hazardous conditions, minimize the use of harmful chemicals, and increase overall production efficiency.

easy X operates on a business model that likely includes the sale or leasing of their robotic systems to aquaculture businesses. They may also offer maintenance and support services as part of their revenue stream. The company makes money by providing a high-quality, specialized solution that addresses the unique challenges faced by fish farmers, such as maintaining hygiene and preventing disease outbreaks.

In May 2022, easy X successfully tested a prototype of their cleaning robot, demonstrating its effectiveness in real-world conditions. The company has also received grants from Innovation Norway to conduct market research, which underscores the potential and innovation behind their technology.

Key members of the easy X team include Sindre Hansen (CEO and founder), Hansen (CTO and founder), and Jan Fredrik Gjerstad (CCO and co-founder). Their combined expertise and experience in hazardous work environments have been instrumental in developing a product that meets the stringent needs of the aquaculture industry.

Keywords: Aquaculture, Fish Tank Cleaning, Robotics, Hazardous Work, Non-Metallic Surfaces, Hygiene, Cost-Effective, Innovation, Market Research, Sustainable Development.

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