Eggtronic raises €15m for wireless power

Eggtronic raises €15m for wireless power

Business news |
By Nick Flaherty

The company believes it has the potential to become a major player in energy conversion and wireless charging with power conversion systems that improve the performance of semiconductors, cutting converter costs and improving energy efficiency.

These technologies can be applied to both consumer electronics and more complex systems such as those for hybrid and electric transport and renewable energy. The conversion devices also serve as a bridge between renewable power generation systems and the batteries used for storage, presenting an innovative solution for meeting carbon neutrality goals.

Eggtronic is also conducting its own research into wireless charging, which will receive further support through the EIB financing. The Italian company has produced the first prototypes for the position-free wireless charging of TVs, laptops and appliances, in line with new wireless charging concepts making it possible to charge a wide range of appliances, consumer electronics and automotive devices safely and in an environmentally friendly way.

Eggtronic’s EcoVoltas micro-sized, ultra-efficient power converters are up to seven times more efficient and three times smaller than traditional silicon converters and up to three times more efficient and twice as small as previous gallium nitride (GaN) converters.

The device boosts the performance of all FET switching devices – whether they are based on conventional silicon or the most recent GaN or silicon carbide (SiC) wide bandgap (WBG) materials. They also reduce the overall Bill of Materials and reduce static power with ultra-low no-load power consumption.

“At the EIB, we strongly believe that innovation is key to fostering growth and collective well-being. By improving energy efficiency, innovation and research also contribute to environmental sustainability. This is why we are proud to finance Eggtronic, enabling it to significantly expand its design and research operations in power conversion and wireless charging. The EIB is standing by its commitment to support the development of Italian and European businesses on the cutting edge of technology due to the strategic importance of this field,” said Gelsomina Vigliotti, EIB vice president   

“At Eggtronic, we want to improve lives and protect the environment using our cutting-edge semiconductor and power electronic technology innovations. We want to foster the growth of this strategic sector in Italy to make a technological, ethical and social contribution. We are happy to have such a forward-looking and knowledgeable partner as the EIB, giving strong impetus to our ambitious development plan,” said Igor Spinella, CEO of Eggtronic.

With offices in San Francisco, Modena, Italy and Guangzhou, China, Eggtronic has over 240 international patents granted worldwide and began producing its own silicon earlier this year.

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