E-Peas first device, the AEM10940 energy harvesting IC, is already in the market, and the company has been working closely with solar cell developer Lightricity.
E-Peas said it would use the latest funds to expand the engineering workforce and global business development. The money would also allow the company to explore product propositions and partnerships in application areas including industrial monitoring, home automation, smart agriculture, assets tracking, healthcare, smart metering and wearables, it said.
“With this fund raising, we have gained much more than financial support, we have found experienced partners for our growth that bring e-peas an important market access either directly or through their network, and great insights to improve our operational excellence in the semiconductor market,” states Geoffroy Gosset, co-founder and CEO of E-Peas.
"The whole Partech Ventures team in the US and Europe is determined to support E-Peas in their fast growth both commercially and financially," added Romain Lavault, general partner at Partech Ventures.
"We believe E-Peas is ideally positioned to support sensor deployment at scale in the industrial environment as its highly efficient low-power technology enable wireless and battery-less sensors," said Matthieu Repellin, investment partner with Airbus Ventures.
Related links and articles: