MENU

Elephantech borrows for ‘green’ PCBs after signing with Lite-on

Elephantech borrows for ‘green’ PCBs after signing with Lite-on

Business news |
By Peter Clarke



Elephantech Inc. (Tokyo, Japan), a developer of reduced-material processes for the creation of PCBs, has borrowed two billion yen (about US$13.5 million) from Mizuho Bank Ltd.

The loan has been provided under a Japanese government backed debt guarantee scheme. And it brings the total capital raised by Elephantech to 12 billion yen (about US$81 billion) comprising 6.5 billion yen in capital increase, 5.4 billion yen in loans and subsidies.Elephantech is a 2014 startup that manufactures flexible and rigid PCBs using metal inkjet printing to reduce waste water, other materials and energy consumption in-process.

In November 2023 Elephantech signed a memorandum of understanding with Lite-On Technology Corp. (Taipei, Taiwan) to promote the mass production of low-carbon PCBs. Under the agreement both companies agreed to work on business development for Elephantech PCBs and their integration within Lite-On products.

Also in November Elephantech announced it had closed its Series D funding round at 3.9 billion yen (about US$26.4 million).

At that the time the company said it would use the funds to expand the mass production of its P-Flex flexible printed circuit boards, further develop metal inkjet printing technology and strengthen the company’s domestic and international sales structure.

Related links and articles:

www.elephantech.co.jp

News articles:

Biodegradable PCBs get funding boost

Infineon teams for biodegradeable PCBs for power demo boards

CIL to add PCB assembly as it completes move to UK cleanroom

Mitsubishi invests in green startup PCB maker

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News

Share:

Linked Articles
10s