Founded in 2014 and developed within The Faktory, the Walloon energy saver specialist e-Peas has raised three million euro from an impressive bunch of international investors. The capital will enable the startup to launch several new products.
e-Peas develops micro system solutions that allows the batteries of connected devices to last longer, to the point even, where they don’t have to be replaced any more. The semiconductors built by e-Peas recover ambient energy in such a way that the lifespan of batteries can be increased, and that batteries can even become ‘self-powered’.
The start-up is run by two UCL researchers (Geoffroy Gosset and Julien De Vos), and is a member of the Liège based incubator The Faktory. "What made us believe in Geoffroy and Julien is their desire to transform their technological know-how into a real industrial activity", comments Simon Alexandre, CEO of The Faktory.
With their technology, Gosset and De Vos aim for IoT-devices such as household appliances, thermostats, smoke detectors and energy meters, that benefit from energy efficient electronic components. The same goes for tools in retail, logistics, healthcare and mobility.
In order to bring the start-up to the industrialization stage as quickly as possible, a first major fundraising was organized. E-Peas raises 3 million euro from an impressive bunch of international investors: the French-American fund Partech Ventures, Airbus Ventures, semiconductor specialist Semtech and advertising giant JC Decaux Holding.
In Belgium, the Walloon investment fund SRIW, the UCL fund Sopartec and The Faktory participate in the Series A round. For The Faktory, it’s already the second ‘win’ in a month’s time, as it sold Riiot Labs (the start-up that sells an intelligent swimming pool analyzer) to the Spanish Fluidra group a couple of weeks ago.