Neuchatel, Switzerland
hiLyte is a Swiss-based renewable energy startup founded in 2017 with the slogan "Let's bring clean and affordable energy to all!" The company aims to address the energy needs of people living off the grid, especially in developing countries, where over a billion individuals lack access to reliable power sources.
hiLyte's innovative iron battery technology offers a sustainable solution, providing power for phone charging and LED lighting, essential for families in these regions. This not only improves their quality of life but also reduces their expenditure on kerosene for lighting, which can consume up to 30% of their income. The use of clean and environment-friendly consumables makes hiLyte's offering even more appealing.
The startup has garnered attention from investors, with its last investment being a Non Equity Assistance investment from MassChallenge on October 31, 2018.
As hiLyte continues to make strides in providing sustainable energy solutions to underserved communities, it presents an attractive opportunity for venture capitalists looking to support impactful and innovative ventures in the renewable energy sector.
For further details, visit hilyte-power.com.
