Electronics Weekly Electronics Design & Components Tech News
The round was led by Partech Ventures and comprises Airbus Ventures, JCDecaux Holding, Semtech, SRIW and Vives.
Having initially gained both local government grants and private seed investment funding back in 2014, e-peas brought its AEM10940 energy harvesting chip to market.
Through this device, IoT nodes can draw energy from their surrounding environment, thereby freeing them from the heavy cost and inconvenience of battery replacements and ongoing maintenance.
It has already led to e-peas winning several prestigious award nominations, including the highly coveted Electrons d’Or in France.
The new fund raising gives the Belgian start-up the finances needed to further progress its objective of relieving customers from the operational expenses that are normally associated with their IoT sensors.
The additional investment will allow the company to strengthen its global business development capability and significantly expand its engineering workforce.
Through this it will be able to accelerate the development, production and commercialization of an extended energy harvesting product portfolio, as well as exploring new product propositions and collaborations with other players in key application areas. Among these will be industrial monitoring, home automation, smart agriculture, assets tracking, healthcare, smart metering and wearables.
“With this fund raising, we have gained much more than financial support, we have found experienced partners for our growth that bring e-peas an important market access either directly or through their network, and great insights to improve our operational excellence in the semiconductor market,” says e-peas co-founder and CEO Geoffroy Gosset.
