1 The EIC Accelerator Project

The EIC Accelerator program, part of the European Innovation Council (EIC), is designed to support small and medium-sized enterprises (SMEs) and startups in Europe, particularly those engaging in innovative, high-risk projects. The program aims to foster the development of DeepTech solutions by offering both financial support and business acceleration services. Its focus is on transformative technologies that can lead to significant advancements in various sectors, enhancing competitiveness and driving economic growth across the European Union.

Funding Structure of the EIC Accelerator

The EIC Accelerator offers a unique funding model known as blended finance, which combines grants and equity investments.

Purpose and Impact on the DeepTech Ecosystem

The EIC Accelerator plays a pivotal role in the European DeepTech and startup ecosystem by addressing the funding gap that many innovative companies face in their early stages. By providing a combination of grants and equity investments, the program empowers startups to focus on research and development without the immediate pressure of generating revenue. This support is particularly critical for companies working on disruptive technologies that require substantial investment before they can achieve market viability.

Moreover, the EIC Accelerator facilitates connections between startups and private investors, enhancing the likelihood of securing additional funding. By engaging with the program, companies can leverage the EIC's extensive network of partners and investors, which can lead to further investment opportunities and strategic partnerships.

Case Study: EYELIGHTS and the Vision Project

Company Overview: EYELIGHTS is a French company recognized for its development of innovative augmented reality (AR) technologies designed to enhance driving experiences and safety. The firm focuses on creating solutions that integrate digital information into the real-world environment, particularly within the automotive sector.

Project Description: The EIC Accelerator project titled "Vision" involves the creation of a next-generation augmented reality windshield display. This advanced technology aims to transform the driving experience by providing drivers with real-time information projected directly onto the windshield. The display enhances situational awareness, allowing drivers to access critical data without diverting their attention from the road.

Technology Basics and Background: The Vision project leverages sophisticated AR technology to overlay essential driving information, such as navigation prompts, speed limits, and hazard warnings, onto the driver's line of sight. This immersive approach not only improves accessibility to information but also significantly enhances safety by minimizing distractions.

The underlying technology involves high-resolution displays, advanced optics, and computer vision systems that process data in real-time. The integration of AI and machine learning algorithms further enables the system to adapt and learn from driving patterns, improving the accuracy and relevance of the displayed information.

The Vision project aligns with the growing demand for smart transportation solutions and reflects broader trends in the automotive industry towards connectivity and automation. By enhancing the interface between drivers and vehicles, EYELIGHTS is poised to contribute significantly to safer and more efficient driving experiences.

Conclusion

The EIC Accelerator program represents a vital resource for innovative companies like EYELIGHTS, providing them with the necessary financial backing and business development support to scale their operations and bring groundbreaking technologies to market. Through its dual funding approach, the EIC Accelerator not only alleviates financial burdens but also fosters an ecosystem where innovative ideas can flourish, ultimately contributing to the growth and competitiveness of the European economy.

2 The Funding Rounds

# EyeLights: A Leader in Augmented Reality Technology for Mobility

EyeLights, a French technology company founded in 2016, has established itself as a pioneer in augmented reality (AR) solutions for the mobility sector. The company specializes in developing head-up display (HUD) technology primarily for motorcycles and automobiles, allowing drivers to view important information without taking their eyes off the road.

Funding History

EyeLights has successfully raised significant capital through multiple funding rounds to support its growth and technological development:

Series A Funding (April 2023)

In April 2023, EyeLights secured its largest investment to date, raising €20 million ($21.97 million) in Series A funding. This round was led by sustainable mobility fund Shift4Good, with participation from several notable investors:

• Bpifrance via Fonds Avenir Automobile 2
• European Commission's EIC Accelerator program
• Aster Capital
• Breega Capital
• FK Group
• Techstars Ventures

This substantial investment was aimed at scaling up EyeLights' operations and industrializing its augmented reality technology for automotive and motorcycle manufacturers.

Earlier Funding Rounds

Prior to its Series A round, EyeLights had secured funding through several earlier stages:

• Crowdfunding (April 2020)
• Seed VC (June 2018)
• Seed (September 2017)

According to CB Insights, EyeLights has raised a total of $25.91 million across four funding rounds since its founding.

EIC Accelerator Funding

EyeLights received funding through the European Innovation Council (EIC) Accelerator program, which provides a combination of grants and equity investments to innovative European companies. The company was selected in a competitive funding round following their application submitted on June 15, 2022.

The EIC Accelerator typically provides: - Grants of up to €2.5 million

Equity investments of up to €15 million through the EIC Fund

Companies selected for this program often receive grant financing within 2-3 months of selection, while equity investment decisions depend on the urgency of the company's needs.

Company Valuation

Based on available information, EyeLights had an estimated enterprise valuation between $88-132 million as of April 2023, according to Dealroom.co estimates.

Business Development and Technology

EyeLights has demonstrated consistent growth and innovation in the augmented reality space:

• In 2017, the company commercialized its first head-up display technology for motorcycle helmets called EyeRide, adaptable to all helmets and compatible with Apple and Google mobility applications.
• By 2021, EyeLights extended its technology to two-wheeler manufacturers and signed two industrial agreements.
• At CES 2022 in Las Vegas, EyeLights unveiled the first industrialized Augmented Reality windshield in a production vehicle, in partnership with Japanese leader AGC.
• The company also signed a development contract with Renault to engineer the future of automotive human-machine interfaces, working with Luc Julia (Scientific Director at Renault, co-creator of Siri, and specialist in artificial intelligence).

Leadership

EyeLights was founded by a talented duo: - Romain Duflot, co-founder

Patrice Nagtegaele, co-founder, who holds a PhD in optics from Ecole Normal Sup Paris-Saclay and brings extensive experience in optics and nanomaterials

Current Status

As of May 2025, EyeLights continues to be a leader in motorcycle head-up display systems and is working to disrupt future cockpits with its augmented reality technology. The company has positioned itself at the intersection of mobility and augmented reality, with strong backing from both venture capital and European innovation funding.

The substantial Series A funding secured in 2023 has enabled the company to accelerate its technological development and market expansion, particularly in the automotive sector where its AR windshield technology has significant potential.

Sources: - EyeLights - European Commission

• Eyelights Stock Price, Funding, Valuation, Revenue & Financial
• EyeLights raises €20M to accelerate the deployment of its augmented reality technology
• Why we invested in EyeLights - Aster
• EyeLights company information, funding & investors

3 The Press Releases

EYELIGHTS: Winner of the EIC Accelerator Funding

EYELIGHTS, a company from France, was among the winners of the European Innovation Council (EIC) Accelerator funding in June 2022. The EIC Accelerator is a highly competitive program that supports deep-tech start-ups and SMEs with innovative technologies.

Background and Purpose of EIC Accelerator

The EIC Accelerator aims to support companies like EYELIGHTS in developing and scaling up high-impact innovations that have the potential to create new markets or disrupt existing ones. This funding combines grants and equity investments, providing up to €17.5 million per company.

Company Overview

EYELIGHTS is focused on advanced technologies, likely related to eye-tracking or lighting innovations, though specific details about their technology or products are not available in the provided search results.

Funding and Impact

The EIC Accelerator funding received by EYELIGHTS will enable the company to enhance its technological offerings and expand its operations. This support is crucial for deep-tech companies that require significant investment to bring their innovations to market.

EIC Accelerator Statistics for June 2022

In the June 2022 cut-off, out of 986 proposals, only 75 companies were selected for funding. This competitive process highlights the high standards required to secure EIC Accelerator support.

Future Prospects

Winning the EIC Accelerator funding is a significant milestone for EYELIGHTS, offering the company European recognition and support to further develop its technology. This recognition can pave the way for future collaborations and investments.

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Sources:

• EIC Accelerator winners and statistics June 2022
• EIC Accelerator winners March 2022
• European Innovation Council welcomes 78 high-potential start-ups and SMEs
• Two first Luxembourg startups receive EIC Accelerator funding
• EIC Work Programme 2022 published – more changes in the Pathfinder than expected

4 The Technology Advancements

Current Capabilities and Advancements of EyeLights

EyeLights, a French company founded in 2016, specializes in developing and marketing head-up display (HUD) systems for motorcyclists and motorists. These systems integrate augmented reality to enhance road safety by superimposing driving-related information directly into the driver's field of view. Their flagship product, the EyeRide HUD, is designed to be compatible with any motorcycle helmet, providing navigation assistance and audio communication capabilities.

Recent Advancements

Since receiving the EIC Accelerator funding in June 2022, EyeLights has continued to expand its capabilities in the automotive and motorcycle sectors. Notably, they have announced the completion of a €20 million Series A funding round, which includes investors like BPI France, Shift4Good, and the EIC – Innovation Fund. This funding has been instrumental in scaling their HUD technology and accelerating its deployment in both the motorcycle and automotive markets.

One significant advancement is their collaboration with AGC to develop an augmented reality windshield for series vehicles. This technology transforms the windshield into a virtual screen, enhancing the driving experience by displaying information directly in the driver's field of view. Additionally, EyeLights has unveiled the Rocket One, a futuristic electric motorbike concept that showcases the company's HUD technology.

Market Demonstrations

EyeLights has actively demonstrated their technology through various platforms. For instance, they showcased their augmented reality windshield technology at CES 2022 in collaboration with AGC. The Rocket One motorbike concept was also presented at EICMA, capturing significant attention and generating a waiting list for potential buyers.

Patents and Publications

As of the latest available information, EyeLights has filed patents related to display devices and optical devices, with one notable application for a device and method for controlling the display of information in the field of vision of a driver. There is no specific mention of new scientific studies or whitepapers published by the company since receiving the EIC Accelerator funding.

Sources

• EuroQuity - EyeLights
• Startup Selfie - EyeLights Electric Rocket One
• Aster - Why We Invested in EyeLights
• CADFEM - EyeLights
• CB Insights - EyeLights
• European Innovation Council - EIC Accelerator
• AGC - Augmented Reality Windshield
• EyeLights - EyeRide HUD

5 The Partnerships and Customers

EYELIGHTS Partnership Ecosystem and Market Positioning Post-EIC Accelerator Funding EyeLights SAS, a French innovator in head-up display (HUD) technology for motorcycles and automotive interfaces, has strategically expanded its partnerships since securing EIC Accelerator funding. Below is an analysis of its collaborations, customer base, and market trajectory:

Key Partnerships

• Software République Consortium: EyeLights joined forces with 11 organizations—including Dassault Systèmes, Orange, Renault Group, STMicroelectronics, Thales, Arkamys, Compredict, Epicnpoc, JCDecaux®, Kardome®, and Stern Tech®—to develop the "H1st Vision" concept car. This collaboration integrates over 20 innovations aimed at enhancing safety and user experience in mobility solutions.
• Investor Network: Post-Series A funding (€20M in April 2023), EyeLights strengthened ties with Shift4Good (sustainability-focused fund), Bpifrance (French public investment bank), Breega Capital (early-stage VC), and Aster Ventures. These relationships support scaling HUD deployment across automotive sectors.

Market Positioning via Collaborations

The H1st Vision project positions EyeLights as a critical player in next-gen mobility interfaces by:

• Enhancing Safety: Integrating real-time hazard alerts and navigation aids directly into drivers’ fields of vision.
• Pioneering Cross-Sector Innovation: Leveraging expertise from aerospace (Dassault) to telecommunications (Orange) to refine optical displays for diverse environments.

Technology Advancements & Scaling Pathways

• Optics Expertise: Co-founder Patrice Nagtegaele’s PhD-level optics background drives advancements in compact HUD systems suitable for both motorcycles and automobiles.
• Funding Utilization: The Series A round accelerates R&D for automotive-grade solutions while expanding production capacity to meet demand from OEM partners.

Strategic Implications

These partnerships enable EyeLights to:

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Sources

EyeLights Company Overview | CB Insights Profile | Software République Concept Car Announcement | Aster Investment Analysis | Vestbee Funding Roundup

6 The Hiring and Company Growth

Eyelights: Overview Since EIC Accelerator Funding

Eyelights, a French company specializing in innovative motorcycle head-up displays, received EIC Accelerator funding in June 2022. Since then, the company has focused on enhancing its product offerings and expanding its market presence.

Current Headcount and Team Size

Eyelights currently has a team of 23 employees, with its headquarters located in Labege, France.

Hiring and Team Growth

There is no specific information available regarding whether Eyelights is currently hiring. However, the company's growth trajectory suggests an ongoing need for skilled personnel as it continues to develop its innovative products.

Growth and Recent Developments

Since receiving the EIC Accelerator funding, Eyelights has focused on refining its EyeRide head-up display system. This system has garnered significant attention in the market due to its ability to bring true augmented reality inside motorcycle helmets. The company's growth is attributed to its commitment to delivering high-quality products that enhance the riding experience.

Key Positions and New Team Members

There is no specific information available on recent key hires or changes in the founding team. However, the addition of new team members would likely enhance the company's product development and marketing capabilities, contributing to its future growth and scalability.

Impact on Company's Future

New team members would play a crucial role in helping Eyelights scale and grow by contributing to the development of innovative products and expanding its market reach. The company's focus on technology and customer experience would be pivotal in maintaining its competitive edge in the motorcycle accessories market.

Major Changes in Management or Founding Team

There are no reported major changes in the management or founding team of Eyelights. Romain Duflot remains the CEO, with a high approval rating of 90/100.

Conclusion

Eyelights continues to focus on its core product offerings, enhancing its position in the market through product innovation and strategic growth. The company's commitment to delivering cutting-edge technology ensures its continued relevance and expansion in the motorcycle industry.

Sources: - Eyelights

EyeLights's Competitors, Revenue, Number of Employees

7 The Media Features and Publications

EYELIGHTS: Vision and Impact Since EIC Accelerator Funding

EYELIGHTS, a French company, secured funding under the European Innovation Council's (EIC) Accelerator program in June 2022. The company specializes in augmented reality technology, specifically focusing on developing an augmented reality windshield display.

Media Features and Publications

While specific media features or publications naming EYELIGHTS are not detailed in the available search results, the company's involvement in the EIC Accelerator program highlights its innovative potential and technological advancements. Typically, companies involved in such prestigious programs attract attention from technology and innovation-focused media outlets.

Content from Publications

There is no specific content available from publications that have written about EYELIGHTS directly. However, the company's participation in the EIC Accelerator suggests that it might be featured in future articles or press releases related to augmented reality and automotive technology.

Podcasts or Interviews

Currently, there is no information available on podcasts or interviews featuring the team of EYELIGHTS. Such appearances are common for companies that have received significant funding or recognition, but specific details about EYELIGHTS' engagement in these areas could not be found.

Conference and Fair Visits, Presentations, or Participations

While there is no specific information available about EYELIGHTS' participation in conferences or fairs, companies in the augmented reality and automotive sectors often participate in events like the Consumer Electronics Show (CES) or automotive technology expos to showcase their innovations.

Involvement in Events

EYELIGHTS' involvement in events related to its field of expertise, such as augmented reality conferences or automotive tech summits, is plausible but not documented in the available resources. Participation in such events would align with its focus on advancing automotive technology through augmented reality solutions.

Summary

EYELIGHTS, with its innovative approach to augmented reality in automotive technology, represents a promising venture in the deep-tech sector. Despite limited specific information available, the company's success in securing EIC Accelerator funding underscores its potential for growth and innovation in the tech industry.

Sources:

• EIC Accelerator winners and statistics June 2022
• EIC Accelerator winners March 2022
• New wave of deep tech start-ups set to receive Accelerator grants and equity
• EYELIGHTS Website