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Project Helios
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Developer of novel chemical process to extract iron from iron ore using 50% less energy and can be retrofitted into existing steel manufacturing processes

Founded in 2018
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Company type Private Public ()
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Industry Group materials & chemicals

Sector industrial materials

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Israel Petach Tikva, Israel
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Updated by Udi Giladi at Helios on 04/10/2025

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IPO INFORMATION

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Date Investors Type Amount
07/12/2022 At One Ventures At One Ventures , Doral Energy-Tech Ventures Doral Energy-Tech Ventures , Metaplanet Metaplanet (3)
Post-money valuation of
Funding will be used to further develop and accelerate chemical process to extract iron ore using less energy and at a lower cost.
Seed $6,000,000
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