Laserpas

Laserpas

closed

Aerial Power Line Inspections.

HQ location
Vilnius, Lithuania
Launch date
Employees
Enterprise value
$11—17m
Company register number
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DateInvestorsAmountRound
-investor

€0.0

round
*

€2.6m

Early VC
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR201520162017201820192020
Revenues000000000000000000000000
% growth-221 %133 %262 %239 %(92 %)
EBITDA000000000000000000000000
Profit000000000000000000000000
% profit margin(2883 %)(719 %)(934 %)(600 %)--
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000

Source: Company filings or news article

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More about Laserpas
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Laserpas, established in 2015 by Mantas Vaskela, provides specialized aerial inspection services for the power grid industry. The company was founded in Vilnius, Lithuania, and directs its services toward energy network operators, with a client list that includes companies like Veolia, Litgrid, and Eon.

The firm's business model centers on deploying drones and other aerial vehicles equipped with three-dimensional scanning technology to capture extensive data on power grid infrastructure. This approach enables a shift from periodic, manual inspections to a data-centric strategy, allowing for more preventive maintenance. By identifying potential hazards and weak points through objective analysis, Laserpas helps operators reduce inspection costs by 20-50% in the regions it serves and mitigate risks of power failures and accidents. For instance, an inspection of 600km of power lines in Romania for Distributie Energie Oltenia identified multiple objects posing an imminent danger to the grid.

The core service involves the digital monitoring of power lines and towers to manage on-ground inspections and environmental factors more effectively. The technology can detect issues that might otherwise be missed during routine surveillance. For example, inspections in the Baltic States revealed an average of 10 dangerous objects per kilometer of power line. Laserpas was acquired in a deal that has been characterized as an 'acqui-hire'. Prior to this, the company had received undisclosed grant funding in 2018 from investors including ClimateLaunchpad and K-Startup Grand Challenge.

Keywords: aerial power grid inspection, drone inspection services, power line monitoring, utility asset management, 3D scanning, vegetation management, energy network operators, preventive maintenance, infrastructure data acquisition, remote sensing, high-voltage line inspection, utility inspection, power line maintenance, grid reliability, LiDAR inspection, asset integrity management, digital twin power grid, overhead line surveillance, energy infrastructure, utility drone solutions

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