e-peas secures €17.5m funding to accelerate deployment of energy harvesting solutions

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e-peas, a developer of ultra-low power management solutions for energy harvesting, has closed a new funding round raising €17.5 million.

The round was led by Otium Capital, who were joined by new investors Nomainvest and EIC Fund, as well as existing investors KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and Start.Invest, demonstrating strong continued support for e-peas' technology.

With sustainability becoming an increasingly important focus for electronic designers, e-peas has pioneered energy harvesting technologies that can gather ambient energy such as light, radio frequency, temperature gradient, or vibration, removing the need for battery replacement, and reducing C02 impact.

Energy harvesting has been adopted in multiple products, such as TV remote controls, smart home devices, electronic shelf labels, wearables, industrial sensors, and is considered for a number of other applications where energy efficiency is crucial.

This new financing will allow e-pas to accelerate the commercial development of its Ambient Energy Management (AEM) products, and expand its product portfolio more broadly.

Svetoslava Georgieva, Chair of the EIC Fund Board, said, “The EIC Fund has established itself as a strong force in EU deep-tech investments and we are very happy to support e-peas, leading the way towards energy efficiency in electronic devices. Their groundbreaking technology allows for carbon footprint reduction and is very much aligned with EU’s Green Deal objectives and with new regulations like Corporate Sustainability Reporting Directive (CSRD).”