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e-peas raises €17.5m for energy harvesting PMIC

e-peas raises €17.5m for energy harvesting PMIC

Business news |
By Nick Flaherty



Belgian chip designer e-peas has raised €17.5m for its energy harvesting power management IC (PMIC).

The funding round for the energy harvesting technology developed by e-peas was led by Otium Capital and adds the European EIC fund and Nomainvest as new investors alongside existing investors KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and Start.Invest.

e-peas has pioneered energy harvesting technologies, that gather ambient energy such as light, radio frequency, temperature gradient, or vibration, removing the need for battery replacement. Energy harvesting has already 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.

The funding will accelerate the commercial development of e-peas’ Ambient Energy Management (AEM) products and expand its product portfolio.

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 also new regulations like Corporate Sustainability Reporting Directive (CSRD).”

www.e-peas.com

 

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