# Lupfe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lupfe

- Industry: Aerospace
- Headquarters: Budapest, Hungary
- Website: www.lupfe.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Apr 9, 2019)
- Investors on record: 1

## About

Lupfe Ltd. develops electric-hybrid propulsion systems for electric vertical take-off and landing (eVTOL) cargo drones, enhancing logistics with sustainable and efficient solutions tailored for heavy cargo transport.Founded in Budapest, Hungary, Lupfe Ltd. specializes in electric-hybrid propulsion systems for eVTOL cargo drones. The company has raised EUR 0.10 mn in Seed funding from Hiventures as of April 2019, and has pursued a focused strategy on providing sustainable aerial logistics solutions. The founder's previous ventures and experience contribute to the company's innovative approach in the drone technology sector.Lupfe specializes in electric-hybrid propulsion systems (EHPS) designed specifically for electric vertical take-off and landing (eVTOL) cargo drones, with a maximum take-off weight of up to 750 kg. The company's core product offerings enhance the flexibility and efficiency of cargo transportation while addressing the need for environmentally friendly solutions in logistics. Their high power density hybrid systems are engineered to deliver advantages such as reduced fuel consumption and lower CO2 emissions, alongside extended flight ranges. Targeted primarily at commercial logistics providers and industries requiring heavy cargo transportation, Lupfe's products serve markets across Europe and North America, meeting the increasing demand for sustainable aerial logistics solutions.Lupfe's revenue model is based on business-to-business transactions, primarily through partnerships with logistics companies and drone manufacturers. The company generates revenue through direct sales of its electric-hybrid propulsion systems, structuring pricing based on contract agreements that account for volume and service commitments. In 2022, Lupfe reported zero revenue, with their EBITDA for the same year at EUR -11,906.70.Lupfe plans to leverage its recent Seed funding of EUR 0.10 mn raised in April 2019 to enhance its product offerings and expand its market reach. The company is focusing on developing new propulsion systems tailored for diverse operational requirements and is targeting expansion into additional markets in North America and Europe by 2025. The funding will support R&D initiatives aimed at refining their technology and increasing production capabilities.

## Funding rounds

- Seed, Apr 9, 2019, $0.1M — Hiventures

## Investors

- Hiventures (https://capitalatlas.ai/funds/hiventures) — Seed