Seeing underwater: advanced sensor tech gets funding boost thanks to BlueInvest

French tech company ELWAVE is developing advanced electromagnetic sensors for underwater drones and remotely operated vehicles that are inspired by the abilities of certain fish species. Thanks to support from BlueInvest, the company refined its international strategy and raised €6 million.

Making underwater inspection smarter and safer

ELWAVE's E-Pulse technology provides real-time360° visibility in complex underwater and industrial environments.

As underwater operations grow more complex, operators of underwater vehicles and inspection systems need precise, reliable sensing for pipelines, cables and other buried objects. ELWAVE's E-pulse technology addresses this challenge by detecting a wide range of materials, including metals and other materials such as plastics.

Designed to fit into small underwater vehicles, the sensors provide a significant advantage over traditional systems that often require larger setups. This allows for the detection of objects typically missed by conventional technologies.

For example, ELWAVE's technology enables underwater vehicles to quickly locate and map buried pipelines or cables, making inspections safer, more efficient and cost-effective.

The technology is also used by defence contractors, for example for underwater infrastructure surveillance, mine countermeasures and anti-submarine operations.

BlueInvest in action

Founded in 2018 by Pierre Tuffigo as a spinoff from the Institut Mines-Télécom, ELWAVE began developing its advanced sensors inspired by the abilities of certain fish species that use electromagnetic fields to 'see' underwater.

Thanks to support from the BlueInvest Readiness Assistance programme, ELWAVE has rapidly expanded its international presence and raised more than €6 million. Guidance from a BlueInvest coach was particularly welcome: "Our coach provided us with very useful connections in the funding landscape, which helped us grow our business," according to CEO Pierre Tuffigo.

The company is now preparing a further funding round to expand globally, while improving its software and sensor integration to deliver clearer data to clients.

About BlueInvest

BlueInvest is the EU's innovation and investment platform for the blue economy, offering business coaching, fundraising support, and networking opportunities for ocean technology companies. Interested individuals can register with the BlueInvest Community to explore programme features and opportunities or contact [email protected].

More information

Website: ELWAVE

Social media: https://www.linkedin.com/company/elwavetech/