e-peas secures €17.5M to accelerate energy harvesting

The round was also joined by new investors Nomainvest and EIC Fund, as well as existing investors KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and Start.Invest, demonstrating strong continued support for e-peas' innovative journey.

Sustainability has become an important focus for electronic vendors, who are looking for ways to reduce their carbon footprint and use of rare earth materials. e-peas has pioneered energy harvesting technologies that gather ambient energy such as light, radio frequency, temperature gradient, or vibration, removing the need for battery replacement, and reducing C02 impact.

Energy harvesting has already been adopted in multiple products, such as TV remote controls, smart home devices, electronic shelf labels, wearables, industrial sensors, and is considered for a number of other applications where energy efficiency is crucial.

This new financing will allow for accelerating the commercial development of e-peas' Ambient Energy Management (AEM) products and expand its product portfolio to continue leading the way towards energy efficiency in electronic devices.

Pierre Menard of Otium Capital highlighted: "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."

Svetoslava Georgieva, Chair of the EIC Fund Board, said: “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).”

Nuno Carvalho from KBC Focus Fund further commented: "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.”

e-peas stands at the forefront of the semiconductor industry in Belgium and Western Europe, contributing to its recognition as a burgeoning hub for semiconductor innovation. With an extensive product pipeline and the potential for endless applications, e-peas is not just creating technology for today but is paving the way for a more sustainable, efficient tomorrow.