Pre Seed · AI & Machine Learning · London, United Kingdom · Founded 2020 · 9–11 employees
Hypermile develops AI-powered driver assistance systems specifically designed to improve fuel efficiency for commercial vehicles, with their Co-Pilot system reducing diesel consumption by 11% and extending electric vehicle range by 15%. The London-based startup participated in Y Combinator's S20 batch and raised $1.5M in pre-seed funding in May 2021 from notable investors including Greg Brockman (CTO of OpenAI) and Luc Vincent (former Executive VP of Autonomous Driving at Lyft Level 5). They've also secured multiple R&D grants from Innovate UK, Department for Transport, and Horizons 2020. The company targets a critical problem in logistics where fuel costs account for over one-third of operating expenses and HGVs are responsible for 16% of UK transport emissions despite only 5% of miles travelled.
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