Helios

Company Overview

Snapshot

Founded in July 2018 by Jonathan Geifman, John Hausner, Linoam Eliad, Naomi Levy, and Elad Geffen, Helios operates with 11–50 employees. The company has raised $18 million across five funding rounds from four investors. In May 2022, Helios secured a Seed round led by Doral Energy-Tech Ventures.

Business overview

Helios is a technology-driven company developing sustainable solutions for metal production on Earth and in space. The company's core technology, the Helios Cycle™, is a zero-emission process that uses thermal energy to extract iron and other metals like silicon, copper, and lithium from ore, significantly reducing energy consumption and emitting only oxygen. Initially developed for lunar mineral extraction, this process positions Helios as a leader in green steel production and eco-friendly extraction technologies, serving the industrial manufacturing sector, particularly in metal fabrication and aerospace, with a focus on markets in Europe, North America, and Australia.

Strategic signal

In September 2024, Helios Project Ltd. and BlueScopeX Pty Ltd. signed a Memorandum of Understanding, signaling a strategic partnership aimed at advancing the Helios Cycle™ process for metal production. This collaboration indicates a significant step towards commercializing Helios's zero-emission technology within the steel industry, reinforcing its potential to disrupt traditional, carbon-intensive manufacturing methods and accelerate the adoption of green steel solutions.

Company Intelligence Q&A

What is the Helios Cycle™ process?

The Helios Cycle™ is a proprietary zero-emission process developed by Helios for producing metals. It utilizes thermal energy to extract iron from ore, emitting only oxygen, and is also applicable to other elements such as silicon, copper, and lithium.

When did Helios secure its most recent disclosed funding round?

In May 2022, Helios secured a Seed funding round led by Doral Energy-Tech Ventures.

What was the initial focus of Helios's technology development?

Helios initially aimed to extract oxygen from lunar minerals, which led to the development of the Helios Cycle™ process.

What significant partnership did Helios announce in September 2024?

In September 2024, Helios Project Ltd. signed a Memorandum of Understanding with BlueScopeX Pty Ltd. to collaborate on advancing the Helios Cycle™ for metal production.

Which government entities have supported Helios with grants?

In June 2020, Helios received grants from the Israel Space Agency and the Israeli Ministry of Energy.