e-peas, a leader in ultra-low power management for energy harvesting, announced the closing of a new €17.5 million funding round led by Otium Capital. This funding round highlights e-peas’ market traction and technology leadership. New investors Nomainvest and EIC Fund joined the round, as did existing investors KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and Start.Invest.
Electronic vendors focus on reducing their carbon footprint and using rare earth materials. e-peas has pioneered energy harvesting technologies that gather ambient energy, removing the need for battery replacement and reducing C02 impact. Energy harvesting is already used in multiple products, such as TV remote controls, smart home devices, and industrial sensors.
This funding round will accelerate the commercial development of e-peas’ Ambient Energy Management (AEM) products and expand its portfolio. It will enable the company to continue leading toward energy efficiency in electronic devices.
e-peas is a top semiconductor company in Belgium and Western Europe, leading innovation in the region. And with a wide range of products and endless potential applications, e-peas is creating sustainable and efficient technology for the future.
KEY QUOTES:
“e-peas’ revolutionary innovation is poised to address the booming energy harvesting market.” Philippe Niessen from Nomainvest added, “A disruptive technology solving a sustainability issue convinced us to support Geoffroy, Julien, and their team.”
– Pierre Menard of Otium Capital
“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).”
– Svetoslava Georgieva, Chair of the EIC Fund Board
“e-peas’ leading technology is already contributing to reduce the carbon footprint of electronic devices, and will change the way consumers look at battery powered devices. We are excited to welcome on board Otium, Nomainvest, and EIC Fund as new investors to support the growth journey.”
– Nuno Carvalho from KBC Focus Fund
