e-peas secures €17.5 Million funding for energy harvesting innovation
Date: 31/03/2024
e-peas, renowned for its leadership in ultra-low power management for energy harvesting, announces the successful closure of a new funding round totaling €17.5 million. Spearheaded by Otium Capital, the round also saw participation from new investors Nomainvest and EIC Fund, alongside existing backers KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and InvestBW.
Focusing on sustainability in the electronics industry, e-peas has innovated energy harvesting technologies. These innovations harness ambient energy sources such as light, radio frequency, temperature gradients, and vibration, eliminating the need for battery replacement and reducing carbon dioxide emissions. Energy harvesting has found applications in various products ranging from TV remote controls to industrial sensors, significantly enhancing energy efficiency across diverse sectors.
The fresh funding will help e-peas in developing Ambient Energy Management (AEM) products enable the expansion of the company's product portfolio, further solidifying its position as a frontrunner in driving energy efficiency in electronic devices.
Philippe Niessen of Nomainvest and Svetoslava Georgieva from the EIC Fund lauded e-peas' disruptive technology, highlighting its potential to address sustainability challenges and align with initiatives such as the EU Green Deal and the Corporate Sustainability Reporting Directive (CSRD). Nuno Carvalho of KBC Focus Fund expressed enthusiasm for e-peas' contribution to reducing the carbon footprint of electronic devices and welcomed the new investors' support for the company's growth trajectory.
