1 The EIC Accelerator Project

EIC Accelerator Program Overview

The EIC Accelerator program, part of the European Innovation Council (EIC), aims to support innovative small and medium-sized enterprises (SMEs) and startups in Europe. It is designed to drive the development and scaling of breakthrough technologies and innovations, particularly in the DeepTech sector, which encompasses advanced technologies rooted in scientific discoveries and engineering innovations. The program provides financial support through grants and equity investments to help companies transition from research and development to market-ready products and services.

Funding Structure

The EIC Accelerator offers a combination of grant and equity funding. Initially, companies can receive grants of up to €2.5 million to cover costs related to product development, testing, and market entry. This grant funding is particularly beneficial for early-stage companies looking to validate their technologies without the immediate pressure of repayment or equity dilution.

In addition, the program provides equity funding, which is available in two tiers. Until 2024, companies can access equity investment of up to €15 million. After this period, the maximum equity funding available decreases to €10 million. This funding mechanism is crucial for companies aiming to scale their operations and secure additional investments from private sectors, as it demonstrates institutional backing and reduces perceived investment risks.

Purpose in the European Ecosystem

The EIC Accelerator serves a pivotal role in the European startup and DeepTech ecosystem by addressing the funding gap that many innovative companies face. It not only provides financial resources but also guidance and mentorship, helping entrepreneurs navigate the complexities of scaling their technologies. By fostering innovation and facilitating access to capital, the EIC Accelerator aims to strengthen Europe's position as a leader in technological advancement and economic growth.

Scaling Companies and Attracting Private Investment

One of the key objectives of the EIC Accelerator is to help companies gain sufficient traction to attract private sector investments. By providing initial funding and resources, the program enables startups to refine their business models, develop prototypes, and conduct market validation. This, in turn, makes them more appealing to venture capitalists and private investors, who often seek evidence of market demand and technological viability before committing funds.

Case Study: HYPER POLAND SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA and the Magrail Project

Company Overview

HYPER POLAND SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA, based in Poland, is an innovative company focused on revolutionizing transportation through advanced technology. The company proposes a transformative approach to mobility through its EIC Accelerator project, known as Magrail, which aims to usher in the era of "frictionless mobility."

Project Description

The Magrail project addresses the challenges of traditional transportation systems by introducing a novel concept of high-speed transport using magnetic levitation. This technology seeks to eliminate friction from the movement of vehicles, significantly enhancing speed and efficiency. By leveraging magnetic fields, the system allows for a smoother transit experience, reducing energy consumption and improving overall travel times.

Technology Basics and Background

The underlying technology of the Magrail system is based on magnetic levitation (maglev), which has been successfully utilized in various high-speed rail systems around the world. Unlike conventional trains that rely on wheels and tracks, maglev trains float above the tracks, eliminating contact-related friction. This not only allows for higher speeds but also reduces wear and tear on infrastructure.

The Magrail concept further innovates on existing maglev technologies by integrating advanced propulsion and control systems, enabling greater operational flexibility and safety. The technology is designed to be adaptable to various routes and environments, making it suitable for urban, suburban, and intercity transportation.

In conclusion, the EIC Accelerator plays a critical role in fostering innovation and supporting high-potential startups like HYPER POLAND through initiatives like the Magrail project. By providing essential funding and resources, the program enhances the prospects of companies striving to make significant technological advancements in the mobility sector.

2 The Funding Rounds

Financing Raised and Funding Rounds

Since its EIC Accelerator application in March 2022, Hyper Poland Spolka z Ograniczona Odpowiedzialnoscia (now operating as Nevomo) has continued its efforts to finance the development of next-generation high-speed rail technologies.

• Prior to EIC Accelerator Success:
• In 2019, Hyper Poland secured a grant of €3.8 million from the Polish National Center for Research and Development.
• The company ran multiple equity crowdfunding rounds:
• The first round (March-May 2019) raised approximately €334,000.
• A subsequent round in early 2020 surpassed its goal, raising over half a million euros—exceeding an initial target of €451,500.
• Investment Mechanism:

Funds raised via equity crowdfunding were used as matching capital to unlock further non-dilutive grants from public sources like the National Center for Research and Development. For every €1 invested through platforms such as Seedrs, another €4 could be drawn down from grants under this mechanism.

Private Equity Investment:

Hütter Private Equity fund from Gdynia invested several hundred thousand euros in one of Nevomo’s latest funding rounds around or after April 2020. This aligns with their ongoing commercialization phase.

Timing and Amounts

Date	Round Type	Amount Raised	Notable Investors/Platforms
Mar-May 2019	Equity Crowdfunding	~€334,000	Seedrs
Late Feb-April 2020	Equity Crowdfunding	>€500,000 (goal: €451,500)	Seedrs; private investors
Pre-2020	Non-dilutive Grant	€3.8 million	Polish National Center for R&D
~April/May 2020	Private Placement	Several hundred thousand euros	Hütter Private Equity

</em>Exact amount not specified publicly.

Investor Information

Key investors since inception include: - Individual participants via Seedrs crowdfunding platform.

• Hütter Private Equity fund (Gdynia-based).
• Significant non-dilutive support through public sector grants.

Nevomo has also received backing via Microsoft’s global initiative for startups and maintains partnerships with institutions such as Warsaw University of Technology and Transfer Multisort Elektronik.

Company Valuation

Publicly available sources do not specify recent post-money valuations following these funding rounds. Given the scale-up stage post-EIC Accelerator win and substantial grant leverage ratios, it is likely that internal valuations have increased since initial seed periods but no definitive figures are disclosed in available reports.

Exit Events: IPOs or Acquisitions

As of April 30th, 2025:

There is no evidence that Hyper Poland/Nevomo has undergone an IPO or been acquired by another entity.

The company continues to operate independently while progressing toward commercial deployment stages.

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Sources

• the future of transportation – Nevomo
• Hyper Poland secures investment to develop magnetic rail system
• Hyper Poland seeks more funding for next gen high-speed rail testing
• Hyper Poland seeks funding for its new magrail technology

3 The Press Releases

Overview of Nevomo (formerly Hyper Poland)

Nevomo, a Polish transportation start-up, has been making significant strides in developing magnetic rail systems inspired by the Hyperloop concept. The company received funding from the European Innovation Council (EIC) Accelerator program in March 2022. This funding marked an important milestone in the company's journey to innovate in the transportation sector.

Technology Advancements

Nevomo's primary focus is on developing a Maglev-based transportation system that can be retrofitted onto existing rail infrastructure. The company's technology involves three main stages:

Partnerships and Funding

Nevomo has secured significant funding and partnerships to advance its technology. It received a grant of PLN 16.5 million from the National Center for Research and Development and completed equity crowdfunding campaigns. In 2022, the company secured €2.5 million from the EIC Accelerator program with potential for an additional €15 million. EIT InnoEnergy also invested in Nevomo, recognizing its potential in sustainable energy innovation.

Team and Press Releases

While specific team updates are not widely detailed, Nevomo's leadership has been instrumental in securing investments and promoting the company's vision. Press releases and updates are available on Nevomo's website, providing insights into its technological advancements and funding achievements.

Sources

• The Future of Transportation | Homepage - Nevomo
• Hyper Poland secures investment to develop magnetic rail system
• Hyperloop One Global Challenge
• Hyper Poland revealed the latest transport technology - Nevomo
• Nevomo - Wikipedia
• NEVOMO

4 The Technology Advancements

HYPER POLAND SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA: Advancements and Developments

Current Capabilities

Hyper Poland, now known as Nevomo, has been developing a MagRail system that combines magnetic levitation, linear motors, and autonomous control to achieve speeds of up to 550 km/h on existing rail infrastructure. This innovative approach aims to revolutionize rail transport by adapting magnetic levitation technology to existing railways, significantly reducing the need for new infrastructure investments.

Advancements Since EIC Accelerator Funding

As of March 23, 2022, Nevomo (formerly Hyper Poland) received EIC Accelerator funding, which likely supported further development and testing of their MagRail technology. Since then, Nevomo has entered into partnerships, such as with GATX Rail Europe, to develop new MagRail capabilities in rail freight. However, specific details on advancements directly resulting from the EIC funding are not explicitly mentioned in the available information.

Improvements and New Features

Nevomo continues to refine its MagRail technology, which is designed to be a stepping stone towards more advanced systems like hyperrail and hyperloop. The MagRail system is intended to facilitate high-speed travel without requiring the construction of new infrastructure, making it a cost-effective solution for upgrading existing rail networks.

Demonstrations and Trials

Nevomo has demonstrated its technology through scale models and plans to construct a full-scale test track in Poland. In 2019, a 1:5 scale demonstrator was showcased in Warsaw, with plans for a full-size test track development. The company received a grant of EUR 3.8 million for this purpose.

Patents and Publications

Hyper Poland has submitted several patent applications related to its magnetic levitation technology and high-speed transport systems. While there is no specific mention of new patents or publications since the EIC funding, the company's ongoing development and partnerships suggest continued innovation in the field.

Sources

• Nevomo
• Hyper Poland becomes Nevomo
• Hyper Poland revealed the latest transport technology
• Nevomo enters Partnership with GATX Rail Europe
• Hyper Poland secures investment
• Magnetic suspension or levitation for vehicles

5 The Partnerships and Customers

Overview of Hyper Poland Spółka z ograniczoną odpowiedzialnością

Hyper Poland, a Polish company focused on advanced transportation systems, has received significant attention for its innovative projects, particularly in the field of magrail technology. This technology is designed to revolutionize transportation by offering high-speed travel solutions inspired by the Hyperloop concept.

Partnerships and Collaborations

Hyper Poland has established several key partnerships to enhance its technological capabilities and market presence:

• IDOM: In June 2020, Hyper Poland began a cooperation with IDOM, a global engineering firm experienced in designing high-speed rail systems. IDOM's expertise supports Hyper Poland in traffic research and business analysis, contributing to the development of its transportation systems.
• Microsoft: Hyper Poland has been a beneficiary of Microsoft's global initiative, Microsoft for Startups. Microsoft has provided support through grants, such as a $120,000 USD grant in Azure, recognizing Hyper Poland's potential in transforming transportation.
• Transfer Multisort Elektronik: This strategic partnership involves collaboration with Transfer Multisort Elektronik, a Polish company that supports innovative technologies, providing Hyper Poland with access to advanced electronics and components necessary for its projects.

New Partners and Customers

As of the latest available information, there is no specific mention of new partners or customers for Hyper Poland following its EIC Accelerator funding in March 2022. However, the company's ongoing collaborations and its involvement in high-profile projects like the Hyperloop One Global Challenge continue to position it as a significant player in the European transportation innovation landscape.

Nature and Purpose of New Relationships

New relationships for Hyper Poland would likely focus on advancing its magrail technology and expanding its market reach. These partnerships could involve collaborations with engineering firms, technology providers, or investors to further develop and implement its high-speed transportation solutions. Such collaborations would enhance Hyper Poland's technological capabilities, facilitate scalability, and strengthen its market position.

Positioning in the Market

The partnerships and collaborations established by Hyper Poland help position the company as a leader in innovative transportation solutions in Europe. By leveraging the expertise of global partners like IDOM and the support of major technology companies like Microsoft, Hyper Poland is well-equipped to compete in the rapidly evolving transportation technology sector.

Technology Advancements and Scaling

These partnerships are crucial for Hyper Poland's technology advancements and scaling efforts. Collaborations with experienced engineering firms and technology leaders provide access to cutting-edge engineering expertise, advanced materials, and sophisticated data analytics tools. This support enables Hyper Poland to refine its magrail systems, increase efficiency, and accelerate the development of full-scale test tracks, ultimately driving the commercialization of its high-speed transportation solutions.

Conclusion

Hyper Poland's strategic partnerships and collaborations have been instrumental in advancing its innovative transportation technologies. By continuing to secure significant funding and support from both private and public sectors, the company is poised to play a pivotal role in shaping the future of high-speed transportation in Europe.

Sources

• Nevomo
• Nevomo
• Hyper Poland revealed the latest transport technology
• Hyperloop One Global Challenge

6 The Hiring and Company Growth

Nevomo: Evolution and Growth

Nevomo, formerly known as Hyper Poland, is a Polish company revolutionizing rail transport by developing the MagRail system. This technology allows for hyperloop-inspired transportation on existing rail infrastructure, enabling speeds of up to 550 km/h. Since its rebranding in October 2020, Nevomo has focused on integrating magnetic levitation and linear motors into existing rail corridors.

Hiring and Team Growth

• Current Team Size: Specific details about the current team size are not available. However, the company's focus on innovation and development suggests a growing team.
• Hiring Status: While there is no explicit information on current hiring, Nevomo's ongoing projects and plans for a test track indicate potential recruitment for engineering and technical roles.
• Growth: Since the name change, Nevomo has been intensifying its development efforts, including the preparation for a 500-meter test track in Poland. This demonstrates significant growth in terms of technological advancement and infrastructure development.

Key Positions and Recent Hirings

There is no specific information available on recent key hires. However, the company's focus on innovative technologies suggests that it would be hiring experts in magnetic levitation, linear motors, and integration with existing infrastructure.

Impact of New Team Members

New team members would play a crucial role in helping Nevomo scale and grow by contributing to the development of the MagRail system. Their expertise would be essential in overcoming technical challenges and ensuring the successful integration of the system with existing rail infrastructure.

Management and Founding Team Changes

The change from Hyper Poland to Nevomo reflects a strategic rebranding aimed at strengthening the company's position globally. There is no specific information on major changes in the management or founding team since the rebranding.

Future Prospects

Nevomo's focus on hyperloop-inspired technology positions it well in the rapidly expanding market for advanced transportation solutions. The company's ability to utilize existing infrastructure could provide a competitive edge, especially as governments and investors look to upgrade transportation systems efficiently.

Sources:

• Nevomo Homepage
• Hyper Poland Becomes Nevomo

7 The Media Features and Publications

HYPER POLAND SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA: Media Coverage and Public Engagements

Media Features and Publications
Hyper Poland (operating under Nevomo’s domain) has been recognized by prominent European publications. EU-Startups listed it among 10 promising early-stage Polish startups to watch in 2020, citing its work on hyperloop-inspired technology. Financial Times’ Sifted magazine also included Hyper Poland in its Top Polish Startups to Follow in 2020, highlighting its role in advancing next-gen transportation solutions.

Podcasts and Interviews
While specific podcast appearances are not detailed, CEO Przemysław Pączek has participated in high-profile discussions, such as the Impact Mobility Revolution'18, where he addressed the future of transport technologies.

Conference Participation and Presentations
The company actively engages in industry events:

• Impact Mobility Revolution'18: Pączek contributed to panels on emerging mobility technologies alongside global stakeholders.
• Though not explicitly named, Hyper Poland’s involvement aligns with broader EU policy discussions on vacuum-based railways, as noted via NCBR reports referenced on their website.

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Sources

• EU-Startups feature
• Sifted Magazine recognition
• Impact Mobility Revolution'18 participation
• NCBR report reference