LightMirror

LightMirror is a company that has developed reflective panels which can redirect sunlight into hospitals and care homes, reducing the need for artificial lighting and heating. These reflective panels can be installed at the edges of roofs and can redirect natural light into other buildings, resulting in reduced energy costs and improved well-being for patients and residents.

To determine the optimal placement of reflective panels for maximum sunlight, LightMirror uses 3D city modelling and big data computation, especially for dense urban areas where direct sunlight may be limited. The goal is to make sunlight a more controllable asset in renovation projects.

LightMirror has created prototypes for renovating energy-intensive public buildings like hospitals and schools in Ukraine to make them more sustainable and efficient. To enable this, we have existing data and relationships with medical clusters, ministries, and cities. For now, we focus only on critical public infrastructure.

Key benefits:

-Reduces energy costs for lighting and heating

-Enhances patient well-being with natural light

-Improves sustainability and reduces carbon footprint

-Fast and non-disruptive installation process

Our User Value Proposition aligns well with LightMirror's target market of hospitals and care homes requiring sustainable, energy-efficient renovations, particularly in Poland and Ukraine. The €150 billion allocated for healthcare reconstruction in Ukraine and new EU regulations on building efficiency present a large addressable market where LightMirror's innovative solutions can add significant value.

Our current comprehensive renovation process provides a complete end-to-end solution, including feasibility assessment, on-site prototyping, and full-scale implementation. This allows us to scale operations as they take on more projects efficiently.

The company currently operates in Poland and Lithuania and plans to expand to other strategic markets such as Germany, Finland, Sweden, and the US. We also work closely with Ukraine's Ministry of Reconstruction to scale installations exponentially post-war by creating replicable prototypes. Over the next decade, the goal is to renovate 500 hospitals across these markets.

LightMirror's solution is not limited to hospitals and care homes. Future plans include applying the technology to other vital public infrastructure such as schools and administrative buildings. The company sees significant potential in the private real estate market.

To leverage funding opportunities, LightMirror could benefit from EU initiatives like EUnextGen and REPowerEU, which support renovating public hospitals in Lithuania. Due to war damage, the extensive renovation needs in Ukraine also present opportunities to access reconstruction funding (RebuildUkraine TAM $150B).

LightMirror has identified a significant market opportunity in the sustainable renovation of energy-intensive public buildings such as hospitals and schools, particularly in Poland and Ukraine. The critical aspects of this market opportunity are:

Large potential market size - The Rebuild Ukraine plan has allocated €150 billion until 2030 for healthcare reconstruction alone. Many hospitals in Europe struggle to meet energy efficiency standards and need to comply with new EU regulations on lighting in buildings. (PN-EN-12464-1_2022-01E)

Solving a critical problem - 68% of hospital rooms don't receive any sunlight during the year, leading to high energy costs for heating and lighting. LightMirror's reflective panels can bring sunlight into these rooms and significantly reduce energy demand. Compliance with EN17037 requires demonstrating that the target illuminance in the room is reached through natural daylight for at least half of the yearly daylight hours.

In Poland, hospitals consume an average of 611 kWh/m2/year, while new healthcare construction is required to meet a national energy consumption standard of only 110 kWh/m2/year.

Strong market positioning - LightMirror already has data and analysis for several hospitals in Ukraine and is working with medical clusters, energy agencies, the Ministry of Reconstruction, and various cities to coordinate renovation efforts at scale. We aim to create prototypes that can be replicated across the country post-war.

Attractive business model - LightMirror provides a complete package with feasibility assessments, on-site prototypes, and full-scale implementation. Prototypes are priced at €5,000, while total installation costs €500/m2 after a €100/m2 study.

LightMirror has won two awards for start-ups from the European Commission and is in PwC Net Zero ǀ Future 50 list. In 2023, one cofounder, Oleksandra, got the EIT Red Kalyna prize as the best female Ukrainian entrepreneur. We signed a 50k€ SAFE investment with EIT Climate KIC and also got a grant of 50k€ from EISMEA in 2023. We have been presenting at the COP28 Innovation Zone and several Rebuild Ukraine events.