Zerospace

Zerospace develops an XR software that is used in product development. Our solution merges the digital information world with the real implementation (digital twin). The main benefits for our customers are: Significant cost reduction (approx. 45% savings potential in prototype development, ...), shorter development cycles (approx. 20% more efficiency in engineering inspections), higher degree of maturity in the early phases of product development (approx. 30% avoided errors ), more informed decisions (same information base for developers and managers). Many users work at the same time on the object (e.g. vehicle), some physically on site, others virtually (AR glasses, smart phone, desktop). On the front end, we are independent. We combine 3 areas of competence: 1. Data Intelligence (all CAD data formats, bidirectional) 2. Hybrid Viewing (mutli platform) 3. Co-authoring experience (collaboration solution in the cloud) Target customers are companies that develop complex products, such as the automotive industry, aircraft construction, mechanical engineering and many more. Their problem today is that the development is "disconnected", i.e. there is no connection between product management, 3D engineering and physical implementation (prototypes). We set ourselves apart from competitors through our application know-how and the combination of hybrid viewing (not just virtual!) And co-authoring (many users at the same time, across teams and locations). We are a spin-off with a team of 8 (including 7 developers) and have been developing XR software for many years. We are 4 founders and 4 employees. Our product is already in use in various development areas at various leading industrial companies. A large automobile manufacturer is now asking for 100 licenses. The team is up. Customer relationships are very good. Now it is time to spin off the business from the existing company into the new entity Zerospace. We need capital for this. It is currently still unclear what the spin-off scenario will look like in detail. We want to become the leading provider in Europe for XR software in the area of product development. We are like MS Teams for developers and managers in development projects. The solution is currently still being implemented as an on-premise solution. In the future, we want to establish the software to a high degree as a SaaS solution. Customers pay per license. We want to be positive in results in 2024. For 2026, we expect sales of around € 60 million (conservative planning) with very high EBIT margins, as our business is very scalable. We are planning sales of € 2.4 million for 2023. We start with the existing customers and see there still enormous growth potential for more intensive penetration. New customers should then also be acquired.