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Series A
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$13.0m

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Early VC
Total FundingAUD20.1m

Recent News about Electric Power Systems

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EPS Energy is a pioneering startup in the field of electric aviation. The company is focused on developing and manufacturing high-density energy storage systems, specifically designed for electric aircraft. Their primary product is the Electric Propulsion Ion Core (EPiC) Ecosystem, a lightweight, high-power system that offers long battery life while maintaining critical safety standards. The EPiC 2.0 module, the latest in their product line, provides 90 minutes of flight time with a 30-minute reserve, opening up new possibilities for electric aircraft applications.

EPS Energy serves a diverse range of clients in the aviation industry, including flight schools and industry partners. Their modular design is versatile, catering to different types of aircraft, propulsion systems, and energy sources. This adaptability allows them to meet a wide range of customer needs and positions them well in the electric aviation market.

The company operates on a production and sales business model. They manufacture their energy storage modules and sell them to clients in the aviation sector. Their technology is scalable, allowing them to increase production rates to meet growing demand. Currently, they are capable of delivering 1,000 modules a year, with plans to scale up to 10,000 modules a year.

EPS Energy has also made significant strides in regulatory certifications. Their first-generation product, Honeycomb, was certified by NASA in 2018. Their fifth-generation product, EPiC, is expected to receive FAA TSO Certification in 2024. This broad endorsement across the aerospace value chain further strengthens their market position.

Keywords: Electric Aviation, Energy Storage Systems, High-Density Energy, EPiC Ecosystem, Modular Design, Scalable Technology, Regulatory Certifications, Electric Propulsion, Carbon-Free Skies, Electric Aircraft.

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