Helixx Industries Ltd

Helixx Industries Ltd. is a British startup that has developed a family of subcompact electric vehicles designed for urban commercial use, including the Cargo van, Truck, Ride taxi, and the open version Tuk. The company unveiled a working prototype of the Helixx Cargo van in October 2023, an electric van designed for last-mile delivery with a low cost of production and ownership.

The Helixx Cargo van measures 3.2 meters in length, 1.5 meters in width, and has a cargo capacity of 2,100 liters. It features a 110-centimeter wide luggage door aperture, a 140-centimeter useful cargo compartment length, and a load capacity of 500 kilograms. The van's body comprises five structural modules held together with snaps and glue, and the exterior panels are made from recycled plastic. The aluminum chassis allows for modular construction, with most parts being 3D printed in microfactories called Helixx Mobility Hubs, which the company claims can be set up within 180 days.

Helixx Industries Ltd. plans to commence production of the Cargo van in 2024, with the initial batch being manufactured in the UK. Mass production is slated for Southeast Asia, followed by India, the Middle East, Africa, and Latin America. The company promises a low ownership cost of USD 0.25 per hour for those opting for a subscription-based model. Siemens is responsible for the electronic components, including the fleet and logistics management system.

In June 2024, Helixx Industries Ltd. announced the appointment of Dr. Young-Dall Lee as Vice Chairman and Corporate Board Member to drive an ambitious growth plan and formulate capitalization and funding strategies. The company also launched a Series A fundraising round, targeting a capital infusion of GBP 16 million (USUSD 20 million) or more, based on a pre-money valuation of GBP 84 million (approximately USUSD 100 million), primarily targeting corporate venture capital firms, including auto OEM CVCs.