Driven by growing demand for battery-free systems, e-peas is accelerating the development of its power management chips and its expansion into new product ranges. This funding round is led by Crédit Mutuel Equity, through its venture capital subsidiary Crédit Mutuel Innovation, and with the support of its Belgian subsidiary. It also brings together SFPIM, the Belgian federal fund, as well as e-peas’ existing investors : the European Innovation Council (EIC), Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory, and Invest BW.
e peas, a pioneer in ultra-low-power energy harvesting and power management solutions, announced today the successful closing of a $22 million funding round. This financing will enable the company to accelerate its commercial growth, expand into new international markets and diversify its product range, in order to meet the growing demand for ambient energy recovery. This funding round was also accompanied by a simplification of the company’s shareholding structure.
Supporting the global leader in a rapidly expanding market
With a broad portfolio of high-performance, ultra-low-power integrated circuits, e-peas simplifies the operation of connected devices by enabling them to power themselves autonomously from ambient energy sources, such as light, heat, vibrations or radio frequencies. e-peas is thus paving the way, across a wide range of applications, for devices that are battery-free or have significantly extended battery life.
Its solutions are already powering, on a large scale, leading international customers in consumer electronics, smart buildings and the industrial IoT : remote controls, air-conditioning systems, cameras, solar-powered keyboards, trackers and industrial sensors.
Financial and environmental impact
e-peas’ solutions extend the lifespan of systems, reduce maintenance costs and limit the environmental impact associated with disposable batteries. e-peas thus supports its customers in achieving their profitability and sustainability objectives.
Investors committed to supporting growth
The funding round was led by Crédit Mutuel Innovation, with the support of the Belgian subsidiary of Crédit Mutuel Equity, alongside SFPIM, the Belgian federal fund. e-peas’ growth ambitions and long-term vision are fully aligned with the strategic objectives of these new investors. This funding round also benefits from the continued support of e-peas’ existing investors, including the European Innovation Council (EIC), Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory and Invest BW.
“This new investment is a strong endorsement of e peas’ technology, strategy, and market traction,” said Geoffroy Gosset, CEO of e peas. “It will allow us to further scale our commercial activities, enter new high-growth markets, and expand our portfolio to support a wider range of energy-autonomous applications. Our ambition is to make energy harvesting a standard design choice for sustainable electronics.”
Alexis Riou, Investor at Credit Mutuel Innovation, added : “Supporting e peas allows us to contribute reshaping the future of IoT, making it more scalable and sustainable. The IoT market is growing rapidly, and e-peas has everything it takes to become the leader in energy recovery by offering the most efficient solution on the market. By backing this innovative company, we are not only contributing to the development of the IoT, but also to reducing its carbon footprint. This is a unique opportunity to create value whilst generating a tangible and positive environmental impact.”
Alan Vandenberghe, Investment Manager SFPIM, said : “This investment supports the emergence of Belgian deep-tech champions in critical technologies to the energy transition. e peas is one of the types of actors we want to support, a company with differentiated technological expertise in semiconductors, addressing a market undergoing structural transformation.”