Energy harvesting company E-PEAS raises euro 8 million
The new euro 8 million worth of investment will be used to fulfil the demand for the company’s products as well as help it develop more innovative products. The financial injection was led by Partech and Airbus Ventures, with contributions from KBC Focus Fund, W.IN.G, Noshaq Ventures, LeanSquare, Nivelinvest and Vives. The funding will allow e-peas to quicken the introduction of new products and push for stronger market penetration for its existing portfolio. The company also intends to open more offices around the world.
e-peas serves as a one-stop-shop for energy harvesting solutions that allow hardware to be powered indefinitely. The company operates in many different markets, including industrial, home/building automation, agriculture, health monitoring and smart metering. For the last 3 years, e-peas has widened the scope of the company’s Ambient Energy Manager (AEM) product line to add solar, thermal, vibration and RF methods for extracting energy from environmental surroundings. The company is close to announcing a further range of ultra-low-power processing and sensing solutions to bolster its portfolio further.
Romain Lavault, General Partner at Partech: “Since our initial investment in 2017, we have been incredibly impressed by how Geoffroy and Julien have transformed a small R&D company into a recognized leader in low power IoT and edge computing with prestigious clients around the world. Geoffroy and Julien have also put the company in scale-up mode with the arrival of very experienced talents like Jean-Paul Bardyn and Christian Ferrier, have quadrupled the size of the team, and have developed an active commercial pipeline worth 500M$ over 3 continents. We are proud to be supporting e-peas again on their journey to make the world run battery-free.”
Matthieu Repellin, Investment Manager at Airbus Ventures: “With its exceptional low-power ICs, e-peas is a key attractive partner for all those considering the design and deployment of energy-efficient autonomous devices at scale. e-peas has been a model in terms of execution and reliability. We are thrilled to continue supporting this outstanding European team through its fast-accelerating journey.”
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