HyperSciences, a creator of innovative technology that has the potential to access geothermal energy, speed up infrastructure projects, and make energy drilling safer and faster, is now overfunding on Crowdcube. The US company has raised over £3,168,950 for 13.87% equity from more than 138 investors on Crowdcube and SeedInvest, easily surpassing its initial £1,963,140 target goal.
Pre-money valued at £19,631,400 with R&D funded by NASA and Shell, HyperSciences is poised to disrupt several major industries. Founded by CEO Mark Russell, the company already has 31 patents at various stages of application globally.
“Our hypersonic engine can launch projectiles left, right, up, or down at velocities greater than five times the speed of sound. When we accelerate these projectiles towards a rock face, we pulverize hard rock. When we accelerate them upwards, they can reach the suborbital atmosphere,” commented the campaign. “We are positioned to help the energy, tunneling, and aerospace industries accomplish their goals with the next generation of equipment. Our technology is designed to reach previously inaccessible geothermal deposits and by converting heat into electricity, we can produce clean energy anywhere.”
When applied to tunneling, Texas-based HyperSciences expects to cover up to a mile a week, ideally completing projects at a fraction of the cost of conventional drilling. The firm has also shifted its gaze to the upper atmosphere, securing a revenue contract with NASA to continue development on its technology.
The HyperScience team is lead by Founder and CEO Russell, who holds a Master’s from Stanford University in Aero/Astro Engineering and is the former lead engineer for Jeff Bezos’ Blue Origin; COO Raymond Kaminski, VP of Business Development Chuck Russell and VP of Finance Jay Holtz.
For more campaign details, click here. 115 days remain on the Hypersciences’ campaign.
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