Leosphere Closes €21M Funding Round
According to multiple reports, Leosphere, a Paris, France-based clean energy startup, closed a €21m funding round.
Backers included cleantech investment firm Oraxys, which already committed a €10.5 first tranche, and another unnamed investor.
Leosphere intends to use the capital to buy out existing investors Scientipôle Capital and Hedera Finances, as well as to expand operations.
Founded in 2004 by brothers Alexandre and Laurent Sauvage as a spinoff from Onera (Office National d’Etudes et de Recherches Aérospatiales) Leosphere focuses on lidar light detection and ranging technology, which consists of a ray of light that can measure the movement of particles in the air.
The company has deployed over 300 Lidars throughout the world to detect turbulence better. wind energy, aviation weather, and climate & weather.