Energy-harvesting pioner får penge til ekspansion
Belgiske e-peas har positioneret sig inden for ultra-low power løsninger, der kan forsynes via energikilder fra omgivelserne så som lys, RF-påvirkninger, vibrationer og varme (in english).
e-peas, a pioneer in ultra-low-power energy harvesting and power management solutions, has announced the successful closing of USD 22-million in financing. This significant investment will propel e peas to the forefront of the global Ambient IoT market and accelerate its international expansion.
The financing will enable the company to rapidly scale its commercial growth, expand into new international markets, and diversify its product offering to meet the explosive demand for sustainable, battery-independent electronic systems. e peas also took the opportunity of this financing round to streamline its shareholder structure.
Supporting the global leader of the fast-growing Ambient IoT market
e peas is redefining power efficiency with a portfolio of ultra low power management products that enable electronic devices to operate autonomously from ambient energy sources such as light, RF, vibration, and heat. By pushing the limits of energy efficiency, e peas unlocks battery free or long lifetime operation across consumer electronics, smart buildings, and industrial IoT.
Its solutions already power high volume applications, including solar-powered remote controls, HVAC systems, cameras, and smart tracking devices, for leading global customers. In such applications, this approach extends system life and eliminates the operational costs and environmental damage of using disposable batteries.
By reducing or eliminating battery replacement, e peas’ solutions help lower electronic waste and total cost of ownership while supporting sustainability objectives for OEMs and end users.
Committed investors to support growth
The financing has been led by Crédit Mutuel Innovation, with the support of its Belgian branch, alongside SFPI, the Belgian federal fund. E peas’ growth ambition and long-term vision perfectly align with these two investors strategic objectives.
The capital raise also included the continued support of e peas’ historic investors including the European Innovation Council (EIC) as well as Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory, and Invest BW.
- This new investment is a strong endorsement of e peas’ technology, strategy, and market traction. It will allow us to further scale our commercial activities, enter new high-growth markets, and expand our portfolio to support a wider range of energy-autonomous applications. Our ambition is to make energy harvesting a standard design choice for sustainable electronics, says Geoffroy Gosset, CEO of e peas.
Alexis Riou, representing lead investor Credit Mutuel Innovation, adds:
- Supporting e peas allows us to contribute reshaping the future of IoT, making it more scalable and sustainable. The IoT market is booming, and e peas is set to become the undisputed leader in energy harvesting, offering the best solution out there. By backing this innovative company, we're not just driving IoT growth; we are slashing its carbon footprint. It's a unique opportunity to create value while making a real, positive environmental impact.
Alan Vandenberghe, Investment Manager SFPIM says:
- This investment supports the emergence of Belgian deep-tech champions in critical technologies to the energy transition. e peas is one of the types of actors we want to support, a company with differentiated technological expertise in semiconductors, addressing a market undergoing structural transformation.
