Louvain-la-Neuve-based e-peas has closed USD 22 million in financing, in a round led by Crédit Mutuel Innovation with support from its Belgian branch and participation from SFPIM, alongside existing backers including the European Innovation Council, Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory, and Invest BW.
The company develops ultra-low-power semiconductor and energy-harvesting power management technology that allows electronic devices to operate from ambient energy sources such as light, RF, vibration, and heat. Its products are used across consumer electronics, smart buildings, and industrial IoT applications.
According to the company, the new funding will be used to scale commercial growth, expand into new international markets, broaden its product portfolio, and accelerate development of new energy-harvesting power-management chips and product lines. e-peas said it also used the round to streamline its shareholder structure.
The financing comes as interest grows in battery-free and low-maintenance IoT systems, a segment often referred to as Ambient IoT.
The company develops ultra-low-power semiconductor and energy-harvesting power management technology that allows electronic devices to operate from ambient energy sources such as light, RF, vibration, and heat. Its products are used across consumer electronics, smart buildings, and industrial IoT applications.
According to the company, the new funding will be used to scale commercial growth, expand into new international markets, broaden its product portfolio, and accelerate development of new energy-harvesting power-management chips and product lines. e-peas said it also used the round to streamline its shareholder structure.
The financing comes as interest grows in battery-free and low-maintenance IoT systems, a segment often referred to as Ambient IoT.